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
correct option: d
Users' Answers & Comments32
In the long run, all factors of production are?
A
fixed
B
variable
C
marginal
D
constant
correct option: b
Users' Answers & Comments33
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
correct option: a
Users' Answers & Comments34
The promotion of savings culture is a feature of a?
A
trade association
B
consumers' cooperative society
C
thirft cooperative society
D
business association
correct option: c
Users' Answers & Comments35
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
correct option: a
Users' Answers & Comments36
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
correct option: a
Users' Answers & Comments38
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
correct option: b
Users' Answers & Comments39
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
correct option: a
Users' Answers & Comments40
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
correct option: b
Users' Answers & Comments