Business Units - Jamb Commerce Past Questions and Answers

Question 36:

• JAMB 1997

The object of the business are determined by the

A. Workers
B. Government
C. Society
D. Promoters

Question 37:

• 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 38:

• JAMB 1997

Use the conversion below to answer question 7 and 8
MUSA: Taiwo why are you in business?
TAIWO: To optimized profit, provide quality
product and discharge my social
responsibilities. What of you, Okon
and Kalu
OKON: I am in business to cater for the
need of the consumers at all costs.
KALU: I am in business to make profit,
provided quality product
at reasonable prices
and establish a good
reputation for myself.

A. Musa
B. Okon
C. Taiwo
D. Kalu

Question 39:

• JAMB 1997

The business with the best business objectives is

A. Okon
B. Taiwo
C. Kalu
D. Musa

Question 40:

• 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