Business Organizations - Jamb Economics Past Questions and Answers

Question 121:

• JAMB 2013

A distinguishing characteristic of consumer co-operative society is that the

A. The maximum number of shareholders is 20
B. Members are the owners
C. Members are the workers
D. The minimum number of shareholders is 5

Question 122:

• JAMB 2013

A major disadvantage of partnership business is

A. Difficulty in the transfer of shares
B. Distrust among members
C. Limited liability
D. Large capital outlay

Question 123:

• JAMB 2020

The type of business finances that entitles the holder to a fixed rate of dividend is?

A. Preference stock
B. Common stock
C. Debentures
D. Bank loan

Question 124:

• JAMB 2021

A typical corporate form of business organization is owned by ____________

A. Shareholders
B. A local government
C. The president of a country
D. Foreigners and citizens of the country.

Question 125:

• JAMB 2021

The Power Holding Company of Nigeria (PHCN) is a ____________

A. Public limited company
B. Private authority
C. Public Corporation
D. Public Liability company