Business Organizations - Jamb Economics Past Questions and Answers

Question 16:

• JAMB 2016

Public limited liability companies are owned by__________?

A. The federal government
B. Private and individual organizations
C. The state government
D. The federal and state governments

Question 17:

• JAMB 2015

The ownership of a public limited liability company is made up of

A. Two to twenty persons
B. Minimum of two and maximum of fifty
C. Minimum of seven and no maximum number
D. Owner owned by the government

Question 18:

• JAMB 2015

Which of the following business units can issue shares?

A. Partnership
B. Public limited liability company
C. Sole proprietorship
D. Central bank

Question 19:

• JAMB 2014

The voting power in co-operative societies is vested on

A. Management
B. Members without loan
C. Shareholders
D. Members with the highest contribution

Question 20:

• JAMB 1978

The following is NOT a reason for the existence of small firms

A. Scale of production is limited by size of the market
B. Expansion brings diminishing returns
C. Large firms can carter for wide markets
D. Small firms can provide personal services
E. All of the above