Business Units - Jamb Commerce Past Questions and Answers

Question 26:

• 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

Question 27:

• JAMB 1995

When an industry or company is nationalized, the state becomes

A. The major shareholder
B. The mini shareholder
C. The only shareholder
D. An equal shareholder with other individuals

Question 28:

• JAMB 1995

The federal Government made efforts at rendering public enterprises more efficient and profit-oriented through the process of

A. Privatization
B. Commercialization
C. Indigenization
D. Nationalization

Question 29:

• JAMB 1995

If a partnership deed is silent on how profits are to be shared, partners share profits

A. In the ratio of the value of business secured by each partner for the partnership
B. In the ratio of partner capital contributions
C. In an equal proportion irrespective of partners's capital contributons
D. According to duties performed by each partner

Question 30:

• JAMB 1995

Which of the following information is contained in the Articles of Association of a limited liability company?

A. Rights and obligations of directors
B. Objectives of the company
C. Amount of share capital
D. Limitation of liability of shareholders.