Post Utme Economics Past Questions and Answers

Question 76:

In a limited liability company, the greatest risk is borne by ____________

A. Shareholders debentures
B. Company executives
C. Ordinary shareholders
D. Preference shareholders
E. Board of directors

Question 77:

In a public company, shares are ____________

A. Sold to one person only
B. Distributed freely
C. Advertised to members of the public for subscription
D. Disposed off by the Chief Executive
E. None of the above

Question 78:

The advantage of the sole proprietorship is as follows:

A. It is always successful
B. Continuity is no problem
C. Control and supervision is under one man
D. Funds are easy to obtain
E. Inter-generational equity is assured

Question 79:

The maximum number of shareholders for a limited liability company is ____________

A. Twenty
B. Seven
C. Five
D. Infinite
E. Limited to the number of individuals that are interested

Question 80:

Scarcity in economics means that ____________

A. Human wants are limitless
B. The economy has very few resource
C. The economy can scarcely produce anything
D. Resources are limited