Business Organizations - Jamb Economics Past Questions and Answers

Question 111:

• JAMB 2008

Joint-stock companies can raise funds from

A. The money market
B. The capital market
C. Various sources
D. Government

Question 112:

• JAMB 2009

The privatization exercise in Nigeria is a move towards a

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

Question 113:

• JAMB 2009

The major problem confronting a sole proprietor is

A. High level of risk
B. Limited expertise
C. Limited source of capital
D. High taxation

Question 114:

• JAMB 2009

A public liability company is run on a daily basis by

A. The chief executive
B. The shareholders
C. The board of directors
D. Financial consultants

Question 115:

• JAMB 2010

An agreement among firms on price and segmentation is termed

A. Cartel
B. Collusion
C. Haggling
D. Specialization