Business Organizations - Jamb Economics Past Questions and Answers

Question 106:

• JAMB 2006

An association formed by a group of individuals solely for the marketing of their product is a

A. Credit and thrift society
B. Consumer cooperative society
C. Producer cooperative society
D. Voluntary organization

Question 107:

• JAMB 2007

The minimum number of shareholders for a joint stock company is

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

Question 108:

• JAMB 2007

The survival of a partnership depends on

A. The managerial ability of the partners
B. Access to finance
C. The goodwill of the partners
D. Political stability

Question 109:

• JAMB 2007

The maximum number of workers that should be hired is

A. 2
B. 3
C. 4
D. 5

Question 110:

• JAMB 2008

The economic policy of privatization came up as a result of the poor performance of

A. Commercial banks
B. Small-scale businesses
C. Public enterprises
D. Private enterprises