Private enterprises - Jamb Economics Past Questions and Answers

Question 56:

• JAMB 2009

A public liability company is run on a daily basis by

A. The chief executive
B. The shareholders
C. The board of directors
D. Financial consultants

Question 57:

• JAMB 2010

The maximum number of shareholders for a limited liability company is

A. Twenty
B. Five
C. Seven
D. Infinite

Question 58:

• JAMB 2011

The transfer to public shareholding corporations to private enterprises is

A. Concession
B. Incorporation
C. Commercialization
D. Privatization

Question 59:

• JAMB 2013

A distinguishing characteristic of consumer co-operative society is that the

A. The maximum number of shareholders is 20
B. Members are the owners
C. Members are the workers
D. The minimum number of shareholders is 5

Question 60:

• JAMB 2013

A major disadvantage of partnership business is

A. Difficulty in the transfer of shares
B. Distrust among members
C. Limited liability
D. Large capital outlay