Partnership - 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

Which of the following business organization is allowed to raise capital by sales of shares to more than twenty people?

A. Partnership
B. Sole proprietorship
C. Public limited liability company
D. Private limited liability company

Question 3:

• JAMB 2017

Which of these is a type of partnership in business?

A. Limited partnership
B. Limited liability company
C. Private partnership
D. Joint stock partnership

Question 4:

• JAMB 1986

One of the advantages of a partnership over a sole proprietorship is that?

A. It is the most popular form of business organization
B. The patern can easy withdraw from business
C. It makes an increase in the capital of the business possible
D. There is no limit to the number of people who may bring in capital

Question 5:

• 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