Business Organizations - Jamb Economics Past Questions and Answers

Question 6:

• JAMB 2019

A limited liability company is owned by________________

A. A bank
B. An individual
C. Two or more partners
D. Share holders

Question 7:

• JAMB 2019

The privatization exercise in Nigeria is a move towards a____________

A. Command economy
B. Mixed economy
C. Subsistence economy
D. Market economy

Question 8:

• JAMB 2019

The minimum number of share holders for joint stock companies is_______________

A. 4
B. 2
C. 7
D. 3

Question 9:

• JAMB 2019

The privatization of public enterprises will lead to efficient management of resources in the economy. This statement can best be described as_____________

A. Deductive reasoning
B. Positive reasoning
C. Normative reasoning
D. Inductive reasoning

Question 10:

• JAMB 2019

The type of business finance that entitles the holder to a fixed rate of dividend is______________--

A. Bank load
B. Debenture
C. Preferred stock
D. Semi-fixed