Forms and features - Jamb Commerce Past Questions and Answers

Question 41:

• JAMB 2009

In a public limited liability company, planning is carried out by?

A. The chairman of the board
B. The board of directors
C. Shareholders
D. Employees

Question 42:

• JAMB 2009

Partnerships are most effective where?

A. The partners are family friends
B. Professionals are involved
C. Members can easily raise enough capital
D. Government regulations are favorable

Question 43:

• JAMB 2009

The type of partnership in which all partners are jointly liable in bearing risk is?

A. Limited partnership
B. Partnership-at-will
C. Ordinary partnership
D. Industral partnership

Question 44:

• JAMB 2010

One of the main features of a partnership is?

A. Limited liability
B. Lack of corporate existence
C. Unlimited membership
D. Lack of utual confidence

Question 45:

• JAMB 2011

The business organization that can effectively combine management with control is?

A. Private limited liability company
B. Sole proprietorship
C. Public limited liability company
D. Co-operation society