Business Organizations - Jamb Economics Past Questions and Answers

Question 76:

• JAMB 1992

The type of business organizations mostly used for producing public goods in Nigeria is

A. Sole proprietorships
B. Limited liability companies
C. Co-operative societies
D. Statutory corporations

Question 77:

• JAMB 1993

a debenture share entitles its holder to?

A. Participate in the annual general meeting of the company
B. Share in the dividends declared
C. Recieve a fixed interest on sums invested
D. Have a representative on the Board of Directors

Question 78:

• JAMB 1993

A public liability company is different from a private limited company because i?

A. Is registered with the registrar of companies
B. Is a legal entity
C. Can raise capital of size by way of loans
D. Can sell shares in the stock exchange

Question 79:

• JAMB 1993

A modern corporation is owned by?

A. Debenture holders
B. Ordinary shareholders
C. Preference shareholders
D. Creditors

Question 80:

• JAMB 1994

A major shortcoming of the sole proprietorship form of business is lack of?

A. Working capital
B. Patronage
C. Continuity
D. Market