Private enterprises - Jamb Economics Past Questions and Answers

Question 26:

• JAMB 1987

Which of the following is NOT a type of business ownership?

A. Debenture holding
B. Private company
C. Parnership
D. Joint Stock venture

Question 27:

• JAMB 1987

A limited liability company is usually owned by?

A. An individual
B. A government
C. Shareholders
D. Two or more partners

Question 28:

• JAMB 1988

In a public company, enterpreneurial functions are performed by the?

A. Workers
B. Shareholders
C. General manager
D. Board of directors

Question 29:

• JAMB 1988

Under partnership, investors who have no desires to be actively involved in the day-to-day management of such organization, are called?

A. Stockholders
B. Sleeping partners
C. Part-time investors
D. Ordinary partners

Question 30:

• JAMB 1989

Which type of business organization has the attribute effectively combining management with control?

A. Sole proprietorship
B. Partnership
C. Limited liability company
D. Co-operatives