Business Units - Jamb Commerce Past Questions and Answers

Question 11:

• JAMB 2019

In the formation of a united liability company, the following documents are prepared except_______

A. Memorandum of Association
B. Article of Association
C. Statement of Nominal Capita
D. Prospectus

Question 12:

• JAMB 2019

The process of winding up or bringing a company to an end is________

A. Dissolution
B. Liquidation
C. Integrating
D. Merger

Question 13:

• JAMB 2019

An example of vertical integration is___________

A. Trust
B. Cartel
C. Merger
D. Price Ring

Question 14:

• JAMB 2019

A company which another company is a member and control the board of directors or hold more than half of its equity is termed_______

A. Subsidiary
B. Syndicate
C. Holding Company
D. Parent company

Question 15:

• JAMB 2019

The difference between Articles of association and memorandum of Association is that the latter deals

A. With the Internal working relationship of the company and its members
B. With the powers and relationships of the company with outsiders
C. The method of issue, transfer and future of the company's shares
D. The rights and responsibilities of shareholders