1998 - JAMB Commerce Past Questions and Answers - page 5
41
Extractive industries may also be denominated as
A
direct industries
B
servicing industries
C
primary industries
D
indirect industries
correct option: c
Users' Answers & Comments42
The primary objective of a business organization is to
A
cater for the neds of its owners
B
work towards making returns
C
assist the government to serve the citizens
D
improve the standard of living of its proprietors
correct option: b
Users' Answers & Comments43
Service which are of absolute monopoly can can best be proved by
A
private companies
B
limited liability companies
C
public companies
D
public enterprises
correct option: d
Users' Answers & Comments44
One advantage the co-operative society has over the company is that the
A
the latter pays tax while the former does not
B
former attract more capitals than the later
C
members of the former is usually morethan the latter
D
former, unlike the latter, has limited liabities
correct option: a
Users' Answers & Comments45
Use the above information below to answer question 7 and 8.
Mr obi is a manager of obi Agricultural Venture.
he makes all the decisions and takes all profits
from the business. H e had agreed with Alhaji Musa
It can be deduce from the above that obi AgricultrualVenture is a
(a farmer) to pool their resources together and
expand their business.They invited Mr Abayomi
(a cotton grower) to join them. Mr Abayami agreed on the condition that his liability in the new firm will be limited to his investment in it. The thus registered Obi, Musa and Abayaomi''s Agricultural ventures.
Mr obi is a manager of obi Agricultural Venture.
he makes all the decisions and takes all profits
from the business. H e had agreed with Alhaji Musa
It can be deduce from the above that obi AgricultrualVenture is a
(a farmer) to pool their resources together and
expand their business.They invited Mr Abayomi
(a cotton grower) to join them. Mr Abayami agreed on the condition that his liability in the new firm will be limited to his investment in it. The thus registered Obi, Musa and Abayaomi''s Agricultural ventures.
A
A sole proprietorship
B
general partnership
C
limited partnership
D
limited partnership
correct option: a
Users' Answers & Comments46
Which of the statements below is true of Mr Abayomi?
A
He can assign his shares to another without consent of other partners
B
He cannot take part in the management of the business
C
His actions as a limited partner can bind the firm
D
His death will automatically dissolve partnership
correct option: c
Users' Answers & Comments47
A source of capital to private limited companies is shares issued to
A
the public
B
selected persons
C
members of the borad of directors
D
dedicated members of staff
correct option: b
Users' Answers & Comments48
Which of the following is an example of a conglomerate?
A
National Electric Power Authority
B
United Africa Company Nigeria Plc
C
The Nigeria Railway Corporation
D
First Bank of Nigeria Plc
correct option: b
Users' Answers & Comments49
Which of the following statement is true of preferred stockholders?
A
They have no voting rights at annual general meetings
B
They first claim company asset before creditors
C
The have first claim to company asset after all debts have been settled
D
They share dividends equally with common shareholders
correct option: a
Users' Answers & Comments50
A provision in the charter of a company which gives holders of common stock the first option to purchase additional issues of the firm's common stock is known the?
A
pre-emptive right
B
shareholders right
C
ex-dividend right
D
over-subscription right
correct option: b
Users' Answers & Comments