Business Units - Jamb Commerce Past Questions and Answers

Question 166:

• JAMB 2018

On liquidation of a public limited liability company, the residual owners are the?

A. Creditors
B. Debenture shareholders
C. Preference shareholders
D. Ordinary shareholder

Question 167:

• JAMB 2018

A form of ownership which exploits the strenght of one partner to remedy the weakness of the other is the?

A. Joint partnership
B. Cooperative
C. Corporation
D. Joint venture

Question 168:

• JAMB 2018

A group of companies is a collection of?

A. Subsidiaries and their holding company
B. Firms
C. Associates and their holding company
D. Industries

Question 169:

• JAMB 2019

A partnership may be automatically dissolved due to the following factors except________

A. Court verdict
B. Joint decision
C. Admission of new partners
D. Bankruptcy of a partner

Question 170:

• JAMB 2019

A partnership may be automatically dissolved due to the following factors except________

A. Court verdict
B. Joint decision
C. Admission of new partners
D. Bankruptcy of a partner