Business Units - Commerce Jamb Past Questions and Answers

Question 41 :

• JAMB 1997

The major objective of corporate mergers is to

A. Minimize the effects of taxation
B. Increase financial advantage
C. Faclitate profit maximization
D. Enhance economies of scale

Question 42 :

• JAMB 1997

When it became necessary to liquidate a company, the frist step to be taken is the appointment of

A. A receiver
B. An auditor
C. An accountant
D. Liquidator

Question 43 :

• JAMB 1997

In which of the following circumstances is a court order NOT necessary for the winding up of a company?

A. Supension of businesss for one year
B. Special resolution of members
C. Reduction in the number of members below the legal minimum
D. Inability to pay it debts

Question 44 :

• JAMB 1997

The total amount that a company is allowed to raised according to its memorandum of association is known as

A. Issued capital
B. Authorized capital
C. Called-up capital
D. Paid-up capital

Question 45 :

• JAMB 1997

A public limited liability company having a nominal capital made up of 200 000 ordinary shares of 50k each decided to issued 50% of it to the public.
What is the authorized capital?

A. N40 000
B. N50 000
C. 100 000
D. 200 000