JAMB Commerce Past Questions & Answers - Page 144

716.

The most important concept on production is?

A.

utility

B.

wealth creation

C.

transformation

D.

distribution

Correct answer is A

No explanation has been provided for this answer.

717.

One of the disadvantages of a sole proprietorship is?

A.

secrecy of annual reports

B.

pride of ownership

C.

limited liability

D.

unlimited liability

Correct answer is D

No explanation has been provided for this answer.

718.

A partnership is dissolved when?

A.

the business suffers a loss

B.

there is bankruptcy

C.

there is consistent theft

D.

there is misunderstanding between partners

Correct answer is B

No explanation has been provided for this answer.

719.

In CIF contracts, risk passes at the time of shipment but the property does not pass until?

A.

there is physical transfer of goods

B.

the shipping manifest are signed

C.

the shipping documents are transferred

D.

the goods on board are delivered

Correct answer is B

No explanation has been provided for this answer.

720.

The factors essential for tourism are?

A.

accessibility, capital, amenties, accessibility and scenery

B.

goods weather, amenties, accessibility and scenery

C.

amenties, capital, accessibility and markets

D.

good weather, capital, schools and scenery

Correct answer is B

No explanation has been provided for this answer.