Jamb Economics 1986 Past Questions and Answers

Question 26:

• JAMB 1986

In a public company, shares are?

A. Sold to one person only
B. Distributed freely
C. Advertised to members of the public for subscription
D. Disposed by the Chief Executive

Question 27:

• JAMB 1986

Which of the following is a characteristic of private limited liability company?

A. Its shares can be sold to the public
B. The number of shareholders ranges from fifty to one hundred
C. All shareholders have equal powers and responsibilities
D. The number of shareholders ranges from two to fifty

Question 28:

• JAMB 1986

One of the advantages of a partnership over a sole proprietorship is that?

A. It is the most popular form of business organization
B. The patern can easy withdraw from business
C. It makes an increase in the capital of the business possible
D. There is no limit to the number of people who may bring in capital

Question 29:

• JAMB 1986

Which of the following is an external economy derived by a firm?

A. Low cost opportunities enjoyed by being in a place where other producers concentrate
B. Technical economics enjoyed by varying the factors of production
C. Economics of management by putting administrators where the are most efficient
D. Marketing advantages attained through preferential treatment in the purchase and distribution of produce

Question 30:

• JAMB 1986

Which of the following advantages of localization of industries may also be a disadvantage?

A. External economies
B. Concentration of industries and of people
C. Development of organized markets
D. Reduced costs of research