Working 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 2016

Which of the following is the best method for computing working capital

A. Total assets less current liabilities
B. Current liabilities less current assets
C. Fixed liabilities less current assets
D. Current assets less current liabilities

Question 3:

• JAMB 2018

What is the difference between current assets and current liabilities?

A. Working capital
B. Nominal capital
C. Capital employed
D. Issued capital