Forms and features - Jamb Commerce Past Questions and Answers

Question 11:

• JAMB 1994

Which of the following is both direct and indirect credit enterprise?

A. A co-operative and thrift society
B. Retail co-operative society
C. Consumer co-operative society
D. Wholesaler co-operative society

Question 12:

• JAMB 1994

Nationalization of an industry means that its ownership becomes that of

A. Government
B. Shareholders
C. Taxpayers
D. Indigenes

Question 13:

• JAMB 1995

What are the factors with which commercial undertaking can be distinguish?
I Size of the undertaking
II Profits generated
III Forms of ownership
IV Location of the undertaking

A. I and II only
B. I andIII only
C. II and III only
D. III and IV only

Question 14:

• JAMB 1995

What are the factors with which commercial undertaking can be distinguish?
I Size of the undertaking
II Profits generated
III Forms of ownership
IV Location of the undertaking

A. I and II only
B. I andIII only
C. II and III only
D. III and IV only

Question 15:

• JAMB 1995

When an industry or company is nationalized, the state becomes

A. The major shareholder
B. The mini shareholder
C. The only shareholder
D. An equal shareholder with other individuals