2008 - JAMB Commerce Past Questions and Answers - page 4
31
The process of changing the form of a new material is known as?
A
fabrication
B
extraction
C
conversion
D
production
Ask EduPadi AI for a detailed answer
Share this question
32
In the long run, all factors of production are?
A
fixed
B
variable
C
marginal
D
constant
Ask EduPadi AI for a detailed answer
Share this question
33
The quality and quantity of production mostly depend on the?
A
effectiveness of factors
B
availibility of factors
C
level of education of enterpreneurs
D
level of cooperation among workers
Ask EduPadi AI for a detailed answer
Share this question
34
The promotion of savings culture is a feature of a?
A
trade association
B
consumers' cooperative society
C
thirft cooperative society
D
business association
Ask EduPadi AI for a detailed answer
Share this question
35
A document which gives a legal status to a company is the certificate of?
A
incorporation
B
trading
C
commencement of business
D
business registration
Ask EduPadi AI for a detailed answer
Share this question
36
A proposed company may not be registered if?
A
the name conficits with that of another
B
it does not put 'limited' after its proposed name
C
it has no paid-up capital
D
it has no asset of its own
Ask EduPadi AI for a detailed answer
Share this question
37
An example of a cartel is?
A
OPEC
B
ECOWAS
C
AU
D
EU
Ask EduPadi AI for a detailed answer
Share this question
38
The cheapest source of funds available to a company is through?
A
the sale of shares
B
retained profits
C
the sale of bonds
D
lease financing
Ask EduPadi AI for a detailed answer
Share this question
39
Use the information below to answer question 14 and 15.
Miamani Plc, whose nominal capital is made up of 5000 000 ordinary shares of 50k each, decided to offer 80% of it to the public and realized only 50% of the amount due.
What is the company's reserve share capital?
Miamani Plc, whose nominal capital is made up of 5000 000 ordinary shares of 50k each, decided to offer 80% of it to the public and realized only 50% of the amount due.
What is the company's reserve share capital?
A
N2500 000
B
N4000 000
C
N5000 000
D
N2000 000
Ask EduPadi AI for a detailed answer
Share this question
40
The components of capital employed in a business are?
A
owners' equity and long-term debts
B
total assets and current liabilities
C
share capital and long-term debts
D
share capital and current liabilities
Ask EduPadi AI for a detailed answer
Share this question