2015 - JAMB Commerce Past Questions and Answers - page 4
31
The measure of independence available to the individual business units that come together is the main difference between
A
vertical and horizontal integration
B
Mergers and Acquisition
C
Consortium and imagination
D
Trust and Cartel
correct option: b
in merger and acquisition the firms coming together are independent of one another as is not correct because they are types of merge.
Users' Answers & Comments32
In the permanent storage device, DASD means
A
Data Access Systems Device
B
Direct Access Systems Device
C
Data Access Storage Device
D
Direct Access Storage Device
correct option: c
Option C is the correct answer because it is a magnetic storage unit, in which the access mechanism and storage medium can be positioned directly at the addresses sought to read or write specific data items.
Users' Answers & Comments33
The development of commercial activate in Nigeria was harnessed by
A
A good storage system
B
Availability of market
C
Increase in production
D
Activities
correct option: a
Is good storage system makes it possible for goods produced ahead of time to be stored until they are needed.
Users' Answers & Comments34
The forum for the selling and buying of securities of small and medium companies is called.
A
Securities and Exchange Commission
B
Second tier Security Market
C
Foreign exchange Market
D
Second tier foreign Exchange market
correct option: b
it is a market for buying and selling shares of small and medium scale companies,
Users' Answers & Comments35
The external environmental factors that affect a business cooperation are
A
Economic, Social and legal
B
Political, Culture and Labour
C
Competition, Labour and Political
D
Competition, Industry and Product.
correct option: a
these elements affect the operation of business eternally factor which can affect the operations of the business.
Users' Answers & Comments36
The difference between a private are public limited liability company is that the former
A
Is unable to declare and pay dividend.
B
Has a higher number of share holder
C
Is unable to offer shares to the public.
D
pays higher salaries to its member
correct option: c
the former does allow members of the public to subscribe to its shares.
Users' Answers & Comments37
A type of long-term loan granted to companies with fixed interest rate as well as with redeemable and irredeemable features is referred to as projects.
A
debenture
B
a bond
C
a term loan
D
an overdraft
correct option: a
it is a debenture that is grow under a seal by company in acknowledgement of a debit undertaking to repay the stated amount or sum on or before a certain date and to pay a fixed rate of interest. There are redeemable and irredeemable debenture
Users' Answers & Comments38
The circulating capital of a business enterprise is classified into
A
Cash, work-in-progress and debtors
B
Cash, Vehicles, land and building
C
debtors, stocks of raw materials and fitting
D
Prepayments, debtors and equipment
correct option: a
circulating capital is the amount of many used for day-to-day running of the business. It is the capital available to a firm for general purpose after current liabilities have been deducted. It is the excess of current liabilities over the current liabilities
Users' Answers & Comments39
Use the information below to answer this question.
Mammy Plc, whose nominal capital is made up of 5,000,000 ordinary shares at 50K each, decide to offer 80% of it to the public and realized only 50% of the amount due.
what is the company authorized share authorized share capital?
Mammy Plc, whose nominal capital is made up of 5,000,000 ordinary shares at 50K each, decide to offer 80% of it to the public and realized only 50% of the amount due.
what is the company authorized share authorized share capital?
A
N4,000,000
B
N5,000,000
C
N7,500,000
D
N2,500,000
correct option: d
From the calculation made we arrived at the answer and using the formula.
Nominal capital is the same as authorized x capital
The price per share is 50K
∴ Authorized share capital
=N5000000 x 0.50K
= N2,500,000
Users' Answers & CommentsNominal capital is the same as authorized x capital
The price per share is 50K
∴ Authorized share capital
=N5000000 x 0.50K
= N2,500,000
40
A bond which attracts interest but leaves the capital repaid is referred to as
A
A redeemable bond
B
An irredeemable bond
C
A development bond
D
A long-term loan
correct option: b
the bond is per petrol, which is until death. The issuing authority or entity pays a specific interest rate periodically but provides no data on when the principal will be returned.
Users' Answers & Comments