2024 - JAMB Commerce Past Questions and Answers - page 4

31

Prospectus in relation to a public limited inability company means

A
a document stating the types or shares
B
an invitation to the public to collect dividends
C
an invitation to the public to buy shares
D
a document where the names of shareholders are written
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32

The functions of public corporations include the following EXCEPT

A
providing essential services to the public
B
maximizing profits for the board members
C
providing even development
D
providing employment opportunities
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33

The term "caveat emptor" implies that

A
goods have been transferred to the buyer
B
let the buyer beware
C
let the seller beware
D
goods are still with the seller
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34

A person who runs a business on his own account is called a

A
customer
B
sole trader
C
director
D
partner
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35

Which of the following is NOT part of the marketing mix?

A
place
B
promotion
C
price
D
personnel
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36

The coming together of two or more firms with each of them losing its identity is known as

A
holding
B
consortium
C
cartel
D
amalgamation
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37

A dealer who buys securities at low prices in anticipation of reselling them at higher prices is called a

A
jobber
B
bull
C
broker
D
bear
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38

Which of these is NOT a governments legislation to protect the consumer?

A
Foods and drugs
B
Weight and measure
C
Privatization and commercialization
D
Trade description
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39

An agreement that is enforceable in law is called

A
an offer
B
a decree
C
a contract
D
a declaration
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40

Closing stock is also known as

A
stock at close
B
balance brought forward
C
opening inventory
D
stock at beginning
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