Post Utme Economics Questions
Question 26:
The petroleum industry in Nigeria is
- A The sole source of the nation’s revenue
- B The oldest industry in the country
- C The mainstay of the economy
- D A factor in the decline in the nation’s foreign reserves
- E In the hand of NNPC
Question 27:
In a limited liability company, the
greatest risk is borne by ____
- A Shareholders debentures
- B Company executives
- C Ordinary shareholders
- D Preference shareholders
- E Board of directors
Question 28:
In a public company, shares are ____
- A Sold to one person only
- B Distributed freely
- C Advertised to members of the public for subscription
- D Disposed off by the Chief Executive
- E None of the above
Question 29:
The advantage of the sole proprietorship is as follows:
- A It is always successful
- B Continuity is no problem
- C Control and supervision is under one man
- D Funds are easy to obtain
- E Inter-generational equity is assured
Question 30:
The maximum number of shareholders for a limited liability company is
- A Twenty
- B Seven
- C Five
- D Infinite
- E Limited to the number of individuals that are interested