2012 - JAMB Commerce Past Questions and Answers - page 3
21
Tourism serves the purpose of
A
cross-cultural understanding and peaceful interaction
B
opening values for leaving the country
C
economic development and naturilization
D
exploiting the country's natural endowment
correct option: d
Users' Answers & Comments22
The type of letters that are delivered through the normal mail or by airmail express service is referred to as
A
inland letters
B
registered letters
C
airmail letters express letters
D
express letters
correct option: c
Users' Answers & Comments23
A business organization that exploits the capabilities of a member to remedy the weaknesses of another is
A
joint venture
B
partnership
C
nominal partnership
D
cooperative
correct option: d
Users' Answers & Comments24
The most important business objective is to
A
improve investments
B
provide quality products
C
target consumers for satisfaction
D
carve a niche for the business
correct option: c
Users' Answers & Comments25
In case of a liquidation of a public limited liability company, those that are first paid are
A
ordinary shareholders
B
prefernce shareholders
C
cumulative preference shareholders
D
debenture holders
correct option: d
Users' Answers & Comments26
A feature common to public and private limited liability companies is that
A
both can sue and be sued
B
the minimum number of their shareholders is five
C
the transfer of their shares is not restricted
D
their annual accounts are published for public use
correct option: a
Users' Answers & Comments27
A business organization can obtain long term financing through
A
bank overdraft
B
the sale of shares
C
credit purchases
D
bureau de change
correct option: b
Users' Answers & Comments28
The portion of the authorized share capital given out to the public for subscription is
A
called-up capital
B
issued capital
C
paid-up capital
D
reserved capital
correct option: b
Users' Answers & Comments29
A company has an authorized capital of 40 million shares at N1 each, out f which 32 million are issued and fully paid-up. What happens to the remaining 8 million shares?
A
it has been issued but not paid-up
B
it has been applied for but not issued
C
it is not paid-up
D
it has not yet been issued
correct option: d
Users' Answers & Comments30
Given:
opening stock #1,800
purchases #2,800
sales #8,000
closing stock # 350
carriage on sales # 500
calculate the value of the unused stock.
opening stock #1,800
purchases #2,800
sales #8,000
closing stock # 350
carriage on sales # 500
calculate the value of the unused stock.
A
#800
B
#500
C
#350
D
#320
correct option: c
Users' Answers & Comments