Debentures - Jamb Commerce Past Questions and Answers

Question 1:

• JAMB 1994

Commerce is defined as the study of how

A. Man utilizes the resources in his physical environment
B. Man produces, distributes and consumes his goods and services
C. Man buys, sells and distributes goods and services
D. Raw materials are changed into finished goods

Question 2:

• JAMB 2002

Debentures differ from shares in that

A. They are secured on the company's assets
B. Ownership is open to the public
C. They form part of the capital of the business
D. Rewards are usually paid out of profits

Question 3:

• JAMB 2018

A debenture holder is entitled to

A. Dividend
B. Interest
C. Commission
D. Profit