Business Units - Jamb Commerce Past Questions and Answers

Question 21:

• JAMB 1994

Which of the following groups is paid first when a firm liquidates?

A. Preference shareholders
B. Debenture holders
C. Ordinary shareholders
D. Cumulative preference shareholders

Question 22:

• JAMB 1994

Compulsory dissolution of a business can arise from

A. An agreement by the owners
B. A declaration by a court of law
C. The termination of its life
D. An unfavourable economic climtate

Question 23:

• JAMB 1994

Which of the following is both direct and indirect credit enterprise?

A. A co-operative and thrift society
B. Retail co-operative society
C. Consumer co-operative society
D. Wholesaler co-operative society

Question 24:

• JAMB 1994

Nationalization of an industry means that its ownership becomes that of

A. Government
B. Shareholders
C. Taxpayers
D. Indigenes

Question 25:

• JAMB 1995

What are the factors with which commercial undertaking can be distinguish?
I Size of the undertaking
II Profits generated
III Forms of ownership
IV Location of the undertaking

A. I and II only
B. I andIII only
C. II and III only
D. III and IV only