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

Question 16:

• JAMB 1998

Which of the following is a transfer payment?

A. Dividend to a shareholder
B. Gift to a mothers less babies' home
C. Salary to a worker
D. Rent to a landlord

Question 17:

• JAMB 2002

External finance for a limited liability company is mainly sourced through?

A. The leasing equipment
B. The issuing of shares
C. Trade credits
D. Banks loans

Question 18:

• JAMB 2005

The raising of funds by selling stocks to the public is called

A. Equity financing
B. Deflcit financing
C. Loan financing
D. Debt financing

Question 19:

• JAMB 2005

Business organization in which the owners' personal property may be forfeited in the event of bankruptcy are

A. Partnerships and limited liability companies
B. Partnerships and sole proprietorships
C. Cooperatives and sole proprietorship
D. Corporation and sole proprietorship

Question 20:

• JAMB 2007

The minimum number of shareholders for a joint stock company is

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