Jamb Commerce Past Questions and Answers

Question 436:

• JAMB 2001

Which of the following services does a lawyer render?

A. Industrial services
B. Indirect services
C. Direct services
D. Commercial services

Question 437:

• JAMB 2001

The partner that only contributes part of the capital used in the formation and running of a business is known as?

A. A passive partner
B. An active partner
C. A dormant partner
D. A nominal partner

Question 438:

• JAMB 2001

One major advantage of a credit and thrift cooperative is that

A. It can approach government for loan
B. It encourages saving habit
C. There are no legal restrictions
D. Each member has a vote during meetings

Question 439:

• JAMB 2001

A form of ownership which exploits the strength of one partner to remedy the weakness of the other is a?

A. Joint partnership
B. Cooperative
C. Corperation
D. Joint venture

Question 440:

• JAMB 2001

At the collapse of a business enterprise, the person appointed to dispose of all assets is called

A. A broker
B. An auctioneer
C. A liquidator
D. An auditor