1997 - JAMB Commerce Past Questions and Answers - page 2
11
The business with the best business objectives is
A
Okon
B
Taiwo
C
Kalu
D
Musa
correct option: a
Users' Answers & Comments12
The business organization in which shareholder's have equal vote is
A
sole pprietorship
B
partneeship
C
co-operative
D
limited liability company
correct option: c
Users' Answers & Comments13
The major objective of corporate mergers is to
A
minimize the effects of taxation
B
increase financial advantage
C
faclitate profit maximization
D
enhance economies of scale
correct option: d
Users' Answers & Comments14
When it became necessary to liquidate a company, the frist step to be taken is the appointment of
A
a receiver
B
an auditor
C
an accountant
D
liquidator
correct option: d
Users' Answers & Comments15
In which of the following circumstances is a court order NOT necessary for the winding up of a company?
A
supension of businesss for one year
B
special resolution of members
C
reduction in the number of members below the legal minimum
D
inability to pay it debts
correct option: b
Users' Answers & Comments16
One type of investment that have a variable income is
A
debentures
B
preferred shares
C
government bonds
D
ordinary shares
correct option: d
Users' Answers & Comments17
A term which indicates that share is temporarily suspended is
A
ex-dividend
B
cum-dividend
C
bond
D
stock
correct option: a
Users' Answers & Comments18
Leasing is the right to use asset for an agreed period in return for
A
profit
B
interest
C
wages
D
rents
correct option: d
Users' Answers & Comments19
The form of business financing which involves pledging of a specific asset is
A
debenture
B
mortgage
C
loan
D
bond
correct option: b
Users' Answers & Comments20
The total amount that a company is allowed to raised according to its memorandum of association is known as
A
issued capital
B
authorized capital
C
called-up capital
D
paid-up capital
correct option: b
Users' Answers & Comments