Business Units - Jamb Commerce Past Questions and Answers

Question 16:

• JAMB 2019

The basic characteristics of co-operative society include all except one

A. It is managed democratically
B. It follows the principle of one man
C. Amateur Management
D. Extra capital is raised through loan

Question 17:

• JAMB 2019

Which of the limited liability companies have a limit of fifty members and do not issues their shares to the public

A. Private limited liability
B. Public limited liability
C. Partnership
D. Co-operative society

Question 18:

• JAMB 2019

The Sole aim of government owned business is to

A. Make profit
B. Provide services to the public
C. Spread environmental pollution
D. Manage action

Question 19:

• JAMB 1994

A distinguishing characteristics of a limited liability company is that it

A. Is a collection of many sole proprietors
B. Is a multiple partnership
C. Can sue and be sued
D. Has limited resources

Question 20:

• JAMB 1994

Which of the following takes place when firms producing at different stages in the same industry combine?

A. Conglomeration
B. Vertical integration
C. Horizontal integration
D. Cartel