Business Units - Jamb Commerce Past Questions and Answers

Question 146:

• JAMB 2015

Musa obtains wool from his sheep, spins and transform it into cloth which he sells to consumers, this is a form of

A. Vertical integration
B. Horizontal integration
C. Forward Integration
D. Background integration

Question 147:

• JAMB 2016

The winding up of a firm by a resolution of its shareholders is an example of

A. Voluntary liquidation
B. Bankruptcy
C. Recession
D. Involuntary liquidation

Question 148:

• JAMB 2016

One of the major reasons for merger is to

A. Reduce the number of unskilled manpower
B. Increase the number of skilled manpower
C. Prevent liquidation
D. Liberalize the market

Question 149:

• JAMB 2017

At the collapse of a business enterprises, the person appointed to dispose off the assets is called ________?

A. An auctioneer
B. A broker
C. A liquidator
D. An auditor

Question 150:

• JAMB 2017

The process of converting a non-profit making organisation to a profit-making business is ________?

A. Indigenisation
B. Privatisation
C. Deregulation
D. Commercialisation