Forms and features - Jamb Commerce Past Questions and Answers

Question 36:

• JAMB 2003

The location of a business is mostly influenced by?

A. Market outlet
B. Management decision
C. Capital
D. Environment

Question 37:

• JAMB 2005

A partnership is dissolved when?

A. The business suffers a loss
B. There is bankruptcy
C. There is consistent theft
D. There is misunderstanding between partners

Question 38:

• JAMB 2005

From which of the following sources can partnerships increase their capital?

A. Admission of a new partner
B. Sale of shares
C. Discharge of a mortage
D. Initial capital

Question 39:

• JAMB 2008

The promotion of savings culture is a feature of a?

A. Trade association
B. Consumers' cooperative society
C. Thirft cooperative society
D. Business association

Question 40:

• JAMB 2009

One of the major problems of a sole proprietor is sourcing for?

A. Raw materials
B. Labour
C. Machineries
D. Funds