Forms and features - Jamb Commerce Past Questions and Answers

Question 16:

• JAMB 1997

Partnership are most suitable where

A. The partners are family friends
B. Professionals are involved
C. Members can easily rasie enough capital
D. Government regulations are favourable

Question 17:

• JAMB 1997

The business organization in which shareholder's have equal vote is

A. Sole pprietorship
B. Partneeship
C. Co-operative
D. Limited liability company

Question 18:

• JAMB 1997

A public limited liability company having a nominal capital made up of 200 000 ordinary shares of 50k each decided to issued 50% of it to the public.
What is the authorized capital?

A. N40 000
B. N50 000
C. 100 000
D. 200 000

Question 19:

• JAMB 1997

The least of the advantages of indigenization is that

A. The standard of living of the indigenes is improved
B. The economy is controlled by the nationals
C. Enterpreneurals skill is developped
D. Foreigners' domination is avoided

Question 20:

• JAMB 1998

The primary objective of a business organization is to

A. Cater for the neds of its owners
B. Work towards making returns
C. Assist the government to serve the citizens
D. Improve the standard of living of its proprietors