Business Organizations - Jamb Economics Past Questions and Answers

Question 101:

• JAMB 2003

Statutory organisations usually established by Acts of Parliament are called

A. Public corporations
B. Cooperative societies
C. Joint-stock companies
D. Public enterprises

Question 102:

• JAMB 2004

The number of shareholders in a private limited liability company ranges from

A. Two to seven
B. Two to three
C. Two to fifty
D. Two to twenty

Question 103:

• JAMB 2005

The raising of funds by selling stocks to the public is called

A. Equity financing
B. Deflcit financing
C. Loan financing
D. Debt financing

Question 104:

• JAMB 2005

Business organization in which the owners' personal property may be forfeited in the event of bankruptcy are

A. Partnerships and limited liability companies
B. Partnerships and sole proprietorships
C. Cooperatives and sole proprietorship
D. Corporation and sole proprietorship

Question 105:

• JAMB 2006

A characteristic common to partnership and sole proprietorship is

A. Limited liability
B. Accessibility to loan
C. Transferability of shares
D. Unlimited laibility