Business Units - Jamb Commerce Past Questions and Answers

Question 126:

• JAMB 2011

Service rendered to the public is provided by?

A. Governement
B. Civil servants
C. Professionals
D. Domestic servants

Question 127:

• JAMB 2011

The business organization that can effectively combine management with control is?

A. Private limited liability company
B. Sole proprietorship
C. Public limited liability company
D. Co-operation society

Question 128:

• JAMB 2011

When two or more companies agree to execute a project too large for one to handle, this is referred to as?

A. An amalgamation
B. A cartel
C. A merger
D. A consortium

Question 129:

• JAMB 2011

In the event of voluntary liquidation, the appointed of a liquidator is the responsibility of the?

A. Directors
B. Creditors
C. Promoters
D. Court

Question 130:

• JAMB 2012

A business organization that exploits the capabilities of a member to remedy the weaknesses of another is

A. Joint venture
B. Partnership
C. Nominal partnership
D. Cooperative