Financing Business - Jamb Commerce Past Questions and Answers

Question 21:

• JAMB 1997

Leasing is the right to use asset for an agreed period in return for

A. Profit
B. Interest
C. Wages
D. Rents

Question 22:

• JAMB 1997

The form of business financing which involves pledging of a specific asset is

A. Debenture
B. Mortgage
C. Loan
D. Bond

Question 23:

• JAMB 1997

The turnover of firm maybe affected by

A. The demand for its product
B. The cost of its goods sold
C. Its closing stock
D. Its net assets

Question 24:

• JAMB 1998

Use the information Above to answer this question
What is the current ratio?

A. 4:1
B. 4.5:1
C. 5:1
D. 25.5:1

Question 25:

• JAMB 1998

Use the information above to answer this question
What is the ratio?

A. 2.95:1
B. 4.25:1
C. 4.75:1
D. 5,55:1