JAMB Commerce Past Questions & Answers - Page 152

756.

A written partnership contract is known as?

A.

an invoice

B.

a deed

C.

a prospectus

D.

a proposal

Correct answer is B

No explanation has been provided for this answer.

757.

The strategy adopted by a firm that ceases to operate at one or more locations because of inactivity is?

A.

rejuvenation

B.

focus

C.

diversification

D.

consolidation

Correct answer is C

No explanation has been provided for this answer.

758.

An action taken by a company outside its object clause is regarded as?

A.

ultra vires

B.

a trespass

C.

uberrima fides

D.

caveat emptor

Correct answer is A

No explanation has been provided for this answer.

759.

Authorized share capital is also known as?

A.

called-up share capital

B.

paid-up share

C.

registered share capital

D.

issued share capital

Correct answer is C

No explanation has been provided for this answer.

760.

A group of assets which a business acquires with the intention of reselling them are referred to as?

A.

current assets

B.

investment assets

C.

fixed assets

D.

intangible assets

Correct answer is A

No explanation has been provided for this answer.