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

Question 1:

• JAMB 2019

A demand which gives rise to the reverse of the law of demand is__________

A. Derived demand
B. Joint demand
C. Abnormal demand
D. Composite demand

Question 2:

• JAMB 2019

The form of capital that is required for the day-to-day running of production activities is called?

A. Fixed capital
B. Social Capital
C. Circulating capital
D. Liquid capital

Question 3:

• JAMB 2017

A partnership sourcing for funds to expand its business would approach _______

A. A central bank
B. A money market
C. An insurance
D. A stock exchange

Question 4:

• 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 5:

• JAMB 1984

Which of the following is NOT true of debentures and debenture holders?

A. Debentures are instruments for rising long-term capital by limited liability companies
B. Debenture are fixed interest-bearing securities with specified maturity dates
C. Debentures holders are creditors to the company and therefore do not share in the risk of the company
D. Debenture holders are entitled to interest payments whether or not profits are made
E. Preference shareholders recieve their share of profits before debenture holders receive their entitlements