2013 - JAMB Commerce Past Questions and Answers - page 4
31
An importance of warehousing is in the
A
production of goods
B
transportation of goods
C
importation of goods
D
repackaging of goods
correct option: a
Users' Answers & Comments32
In order to increase the capital owned, a sole trader may
A
seek for bank loan
B
issue debentures
C
acquire extra shop fittings on credit
D
draw less of his profit for personal use
correct option: d
Users' Answers & Comments33
A business partner who provides capital but abstains from participation in administration of a firm is a
A
general partner
B
nominal partner
C
secret partner
D
dormant partner
correct option: d
Users' Answers & Comments34
Which of the following will not be stated in a Memorandum of Association
A
Name clause
B
rights of shareholders
C
object clause
D
registered office
correct option: c
Users' Answers & Comments35
The amount of authorized capital that shareholders have subscribed to is
A
issued share capital
B
authorized share capital
C
owner's equity
D
working capital
correct option: b
Users' Answers & Comments36
The rate of turnover of a firm in a given year is 5 times while the average stock is #12,500. what is the turnover of the firm?
A
#24,000
B
#46,500
C
#62,500
D
#65,000
correct option: c
Users' Answers & Comments37
A lawyer that defrauds his client may be derobed by the Nigerian Bar association in order to
A
protect other lawyers
B
protect the intergrity of the association
C
compensate the affected client
D
prevent the client from sueing the association
correct option: b
Users' Answers & Comments38
In the Nigerian GSM industry,a parliament is organized by the Nigerian Communications Commission in order to
A
increase profit of service providers
B
protect the interest of government
C
encourage more people into the business
D
protect the interest of consumers
correct option: d
Users' Answers & Comments39
Trade fairs in Nigeria are organised by
A
the Federal Government
B
Manufacturers'' Association of Nigeria
C
Ministry of Commerce and Industry
D
Chambers of Commerce
correct option: d
Users' Answers & Comments40
Money is generally accepted for transactions due to
A
the legal backing
B
the rule of law
C
its acceptability in the global market
D
the Central Bank Governor's signature
correct option: a
Users' Answers & Comments