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Commerce Past Questions and Answers

Jamb Commerce Questions

Question 6:

Which of the following takes place when firms producing at different stages in the same industry combine?

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A conglomeration
B vertical integration
C horizontal integration
D Cartel

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Question 7:

Which of the following groups is paid first when a firm liquidates?

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A Preference shareholders
B Debenture holders
C Ordinary shareholders
D Cumulative preference shareholders

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Question 8:

Compulsory dissolution of a business can arise from

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A an agreement by the owners
B a declaration by a court of law
C the termination of its life
D an unfavourable economic climtate

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Question 9:

What are fixtures and fittings in a balance sheet?

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A liquid capital
B current assets
C Fixed assets
D Working capital

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Question 10:

Governments impose import duties for the following reasons EXCEPT

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A to raise revenue for other services
B to act as a retaliatory measure against other governments
C to discourage the redistribution of income at home
D to protect .home industries from external competition

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