Business Organizations - Jamb Economics Past Questions and Answers

Question 31:

• JAMB 1982

Most firms are financed by share capital. The shares which do not carry any fixed rate of dividend are known as ?

A. Debentures
B. Preference shares
C. Ordinary shares
D. Participating preference shares
E. Old shares

Question 32:

• JAMB 1982

Who controls a limited liability company ?

A. The general manager
B. The managing director
C. The owner of 51% of shares
D. The board of directors
E. The government

Question 33:

• JAMB 1982

The National Electric Power Authority (NEPA) is a?

A. Public limited company
B. Public liability company
C. Private authority
D. Public corporation
E. Federal government authority

Question 34:

• JAMB 1982

Public enterprises are supported on the grounds that they are undertaken for

A. Increasing profit of the private sector
B. Reducing the burden of the private sector
C. Improving the welfare of the people
D. Earning profit for the people
E. Earning profit for the government

Question 35:

• JAMB 1983

In a sole proprietorship, the decisions are made by the?

A. Governmnet
B. Borad of directors
C. Management
D. Shareholders'conference
E. Owner