2009 - JAMB Commerce Past Questions and Answers - page 3
21
A risk that can be estimated and calculated to be compensation is?
A
a delivery risk
B
an insurable risk
C
a credit risk
D
a systematic risk
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22
The most important reason for the existence of insurance business is to?
A
prevent the occurrence of any loss
B
spread losses to all covered participants
C
provide for the replacement of facilities
D
encourage individuals to save
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23
One major advantage of transportation to a business is to?
A
extend the firm's market coverage
B
ensure that goods are produced faster
C
procure raw materials cheaply
D
ensure the quality of products
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24
Warehousing is important to manufacturers because it helps to?
A
improve the quality of goods
B
produce goods in advance
C
meet the demand of customers
D
determine input rquirements
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25
One of the major problems of a sole proprietor is sourcing for?
A
raw materials
B
labour
C
machineries
D
funds
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26
In a public limited liability company, planning is carried out by?
A
the chairman of the board
B
the board of directors
C
shareholders
D
employees
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27
Partnerships are most effective where?
A
the partners are family friends
B
professionals are involved
C
members can easily raise enough capital
D
government regulations are favorable
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28
The type of partnership in which all partners are jointly liable in bearing risk is?
A
limited partnership
B
partnership-at-will
C
ordinary partnership
D
industral partnership
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29
The financial instrument that entitles the holder to receive dividend and capital gains is a?
A
share
B
bond
C
bill of exchange
D
treasury bill
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30
The circulating capital of a business enterprise is classified into?
A
cash, work-in-progress and debtors
B
cash,vehicles, land and buildings
C
debtors , stock of raw materials and fittings
D
pre-payments, debtors and equipment
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