Limited liability companies - Jamb Economics Past Questions and Answers

Question 1:

• JAMB 2019

A demand which gives rise to the reverse of the law of demand is__________

A. Derived demand
B. Joint demand
C. Abnormal demand
D. Composite demand

Question 2:

• JAMB 2019

A limited liability company is owned by________________

A. A bank
B. An individual
C. Two or more partners
D. Share holders

Question 3:

• JAMB 1980

A limited liability company is owned by?

A. An individual
B. Two or more partners
C. Shareholders
D. Government
E. A bank

Question 4:

• JAMB 1980

In a limited liability company, the greatest risk is borne by?

A. Debenture holders
B. Company executives
C. Ordinary shareholders
D. Preference shareholders
E. Borad of directors

Question 5:

• JAMB 1982

Who controls a limited liability company ?

A. The general manager
B. The managing director
C. The owner of 51% of shares
D. The board of directors
E. The government