2023 - JAMB Commerce Past Questions and Answers - page 5
41
Which of the following is not a veritable source of funds to a public limited liability company?
A
advances and loans from bank
B
internally generated funds
C
government financial grants
D
funds from the sale of shares
correct option: c
Government financial grants are typically not a common source of funds for a public limited liability company, especially in the context of ongoing operations and expansion. These companies usually rely on bank loans, internal funds, and proceeds from the sale of shares.
Users' Answers & Comments42
An example of a cartel is
A
ECOWAS
B
AU
C
OPEC
D
EU
correct option: c
OPEC (Organization of the Petroleum Exporting Countries) is an example of a cartel. A cartel is an association of manufacturers or suppliers with the purpose of maintaining prices at a high level and restricting competition.
Users' Answers & Comments43
Which of the following is a verbal means of communication
A
express mail
B
telephone
C
telex
D
business reply services
correct option: b
The telephone is a verbal means of communication, allowing direct oral communication between individuals regardless of their location.
Users' Answers & Comments44
Insurance against burglary is an example of
A
non-indemnity insurance
B
non-insurable risk
C
indemnity insurance
D
fidelity guarantee insurance
correct option: c
Insurance against burglary is an example of indemnity insurance. Indemnity insurance compensates the insured for loss or damage, restoring them to the financial position they were in before the event.
Users' Answers & Comments45
The process of converting a non-profit making organisation to a profit-making business is
A
commercialisation
B
deregulation
C
indigenisation
D
privatisation
correct option: a
Commercialisation is the process of converting a non-profit making organization into a profit-making business, often by allowing it to operate in a competitive market environment.
Users' Answers & Comments46
Any activity directed at conveying commodities to buyers is an aspect of
A
delivering
B
advertising
C
selling
D
marketing
correct option: d
Marketing encompasses any activity directed at conveying commodities to buyers, including product development, pricing, promotion, and distribution strategies.
Users' Answers & Comments47
The Nigerian Stock Exchange consist of
A
primary and secondary -tier market
B
commercial and mortgage market
C
secondary and primary market
D
money and commodities market
correct option: c
The Nigerian Stock Exchange consists of the primary market, where new shares are sold, and the secondary market, where existing shares are traded among investors.
Users' Answers & Comments48
One of the major problems of a sole properitor is sourcing for
A
labour
B
machineries
C
raw materials
D
funds
correct option: d
One of the major challenges faced by a sole proprietor is sourcing for funds. This is because they often have limited access to capital markets and may rely heavily on personal savings or loans.
Users' Answers & Comments49
Factors considered when setting up a retail business is one of the following
A
capital, experience and trading
B
experience, term of trade and trading
C
capital, trading and term of trade
D
capital, type of goods and source of supply
correct option: d
When setting up a retail business, important factors to consider include capital, the type of goods to be sold, and the source of supply for these goods.
Users' Answers & Comments50
The maximum number of shareholders in a public liability company is
A
twenty
B
one hundred
C
fifty
D
unlimited
correct option: d
In a public limited company, the number of shareholders is unlimited, allowing the company to raise substantial capital by selling shares to the public.
Users' Answers & Comments