Private enterprises - Jamb Economics Past Questions and Answers

Question 36:

• JAMB 1991

A disadvantage of a joint-stock company is?

A. Unlimited liability
B. Limited liability
C. Continuity
D. Loss of controlling interest

Question 37:

• JAMB 1991

A disadvantage of a joint-stock company is?

A. Unlimited liability
B. Limited liability
C. Continuity
D. Loss of controlling interest

Question 38:

• JAMB 1992

The main handicap of sole proprietorship is?

A. Limited liability
B. Lack of technical know-how
C. Low profit margin
D. Inadequate capital

Question 39:

• JAMB 1992

The type of business organizations mostly used for producing public goods in Nigeria is

A. Sole proprietorships
B. Limited liability companies
C. Co-operative societies
D. Statutory corporations

Question 40:

• JAMB 1994

A major shortcoming of the sole proprietorship form of business is lack of?

A. Working capital
B. Patronage
C. Continuity
D. Market