Share capital - 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 2000

The share capital value that forms part of the balance sheet total is the

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