Business Organizations - Jamb Economics Past Questions and Answers

Question 71:

• JAMB 1991

A characteristic of a debenture is that?

A. Its yeild is based on profits
B. Its yeild is a fixed rate of interest
C. It has no redemption date
D. There is a voting right when interest is paid

Question 72:

• JAMB 1991

The term 'Stock of Capital 'means?

A. Amount of money necessary to start a business
B. Total amount receivable by all factors of production
C. Amount of equipment plant and inventory existing at a time
D. Total amount available for economic development

Question 73:

• JAMB 1992

The main handicap of sole proprietorship is?

A. Limited liability
B. Lack of technical know-how
C. Low profit margin
D. Inadequate capital

Question 74:

• JAMB 1992

The main reason for the current programme of privatization and commercialization of public enterprises in Nigeria is to?

A. Reduce public expenditure
B. Encourage efficiency in the performance of such enterprises
C. Reduce the number of public enterprises
D. Raise the prices of goods and services produced by the enterprises

Question 75:

• JAMB 1992

The type of business finance that entitles the holder to a fixed rate of dividend is?

A. Perferred stock
B. Common stock
C. Debenture
D. Bank loan