Business Organizations - Jamb Economics Past Questions and Answers

Question 81:

• JAMB 1994

In the event of liquidation of a private limited liability company, the shareholders' liability is limited in their total?

A. Income from all sources
B. Family assets
C. Collateral offered for bank loans
D. Investment inthe company

Question 82:

• JAMB 1995

In a joint stock company, preference shareholders are those who receive?

A. High dividends when profits are high and little or nothing when profits are low
B. A fixed rate of individend and have the first claim on the net profits of the company
C. The remaining profits after all other shareholders have been paid
D. Dividends quarterly when others receive annually

Question 83:

• JAMB 1995

The major reason for the survival of small shops despite competition from large business enterprises is because of?

A. The small capital outlay involved
B. Regularity and constant supply of commodities by them
C. Their local srvices and longer hours of operation
D. Their level of managerial competence

Question 84:

• JAMB 1995

One of the major advantages of public enterprises is that?

A. They are highly subsidize
B. They are the largest employers of labour
C. Their operations are highly standardized
D. They take prompt decisions and actions

Question 85:

• JAMB 1995

When public enterprises become commercialized, it means that?

A. The product of the enterprises are further subsidized
B. They are expected to operate with the primary aim of making profits
C. The government has decided to divest itself of such enterprises
D. The staff of the enterprises will be laid off