Business Units - Jamb Commerce Past Questions and Answers

Question 151:

• JAMB 2017

A government policy that encourages transfer of ownership from foreigners to indigenes of the country is known as ____?

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

Question 152:

• JAMB 2017

Water corporation is an example of ______?

A. Co-operative society
B. Public enterprise
C. Private enterprise
D. Limited company

Question 153:

• JAMB 2017

A partnership is dissolved due to ________

A. Liquidity of the firm
B. Death of the employee
C. Insanity of a partner
D. Resignation of an employee

Question 154:

• JAMB 2017

The business unit that applies the principle of one man, one vote is ______

A. Sole proprietorship
B. Partnership
C. Public company
D. Co-operative society

Question 155:

• JAMB 2018

One of the major problems of a sole proprietor is sourcing for

A. Funds
B. Labour
C. Raw materials
D. Machineries