Funding and management of business organizations - Jamb Economics Past Questions and Answers

Question 11:

• JAMB 1991

The term 'Stock of Capital 'means?

A. Amount of money necessary to start a business
B. Total amount receivable by all factors of production
C. Amount of equipment plant and inventory existing at a time
D. Total amount available for economic development

Question 12:

• JAMB 1992

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

A. Perferred stock
B. Common stock
C. Debenture
D. Bank loan

Question 13:

• JAMB 1993

a debenture share entitles its holder to?

A. Participate in the annual general meeting of the company
B. Share in the dividends declared
C. Recieve a fixed interest on sums invested
D. Have a representative on the Board of Directors

Question 14:

• JAMB 1993

A modern corporation is owned by?

A. Debenture holders
B. Ordinary shareholders
C. Preference shareholders
D. Creditors

Question 15:

• JAMB 1997

The shares that must be redeemed first at liquidation of a company are?

A. Preference shares
B. Non-voting ordinary shares
C. Ordinary shares
D. Debentures