Business Organizations - Jamb Economics Past Questions and Answers

Question 91:

• JAMB 1998

Which of the following can have their shares quoted on the stock exchange?

A. Public corporations
B. A partnership
C. A consumer corporative
D. A public limited liability company

Question 92:

• JAMB 1998

Which of the following is a transfer payment?

A. Dividend to a shareholder
B. Gift to a mothers less babies' home
C. Salary to a worker
D. Rent to a landlord

Question 93:

• JAMB 1999

The major problem of cooperative societies in Nigeria is that?

A. They often lack cohersion and continuity
B. Their liability is unlimited to members
C. Voting is by proxy
D. Their management style is poor

Question 94:

• JAMB 2000

A distinguishing characteristic of cooperative societies is that voting power depends on the?

A. Number of shares held
B. Status of the member
C. Equality of members
D. Management's decision

Question 95:

• JAMB 2000

The concept of privatization presupposes?

A. Efficiency
B. Marketing trade
C. Indigenization
D. Foreign trade