Jamb Commerce Past Questions and Answers

Question 216:

• JAMB 1995

The main advantage of a sole trader is the freedom to

A. Employ anyone he likes
B. Seek advice from any source
C. Take quick decisions
D. Plough all the profits back into the business

Question 217:

• JAMB 1995

In the case of a voluntary liquidation of a business the receivers is appointed by the by the

A. Creditors
B. Debtors
C. Directors
D. Shareholders

Question 218:

• JAMB 1995

When a company uses more of loans than equity to finance its business, the company is said to be

A. Bankrupt
B. Solvent
C. Highly geared
D. In a strong liquid position

Question 219:

• JAMB 1995

The nominal value of a share as specified in the Memorandum of Association and the share certificate is the

A. Discounted value
B. Stock value
C. Face value
D. Par value

Question 220:

• JAMB 1995

A public limited company can raise long-term loans through

A. The capital market
B. The money market
C. Bank overdrafts
D. Discount houses