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Commerce Past Questions and Answers

Jamb Commerce Questions

Question 6:
Which of these is both merit and demerit in partnership?
  • A The number of partners
  • B It unlimited nature
  • C The bearing of risk
  • D The withdrawal of a major partner
View Answer & Explanation
Question 7:
The measure of independence available to the individual business unit that come together is the main different between
  • A Veritcal and horizontal integration
  • B Mergers and acquisition
  • C Consortium and almalgamation
  • D Trust and cartel
View Answer & Explanation
Question 8:
Government policies relating to the establishment and operation of business are targeted at
  • A Increasing the profit of business owners
  • B The general improvement of the economy
  • C Even spread of facilities and employment
  • D Diversification and expansion of business
View Answer & Explanation
Question 9:
On liquidation of a public limited liability company, the residual owners are the
  • A Creditors
  • B Ordinary shareholders
  • C Preference shareholders
  • D Debenture holders
View Answer & Explanation
Question 10:
Bank overdraft as a short term source of fund is
  • A An overdrawn account
  • B Granted to a newly opened account
  • C Repayable after more than a year
  • D A current liability
View Answer & Explanation