JAMB Commerce Past Questions & Answers - Page 163

811.

The business organization established mainly for the purpose of carrying out specific assignments for a specific duration is a?

A.

joint venture

B.

cooperative society

C.

partnership

D.

company

Correct answer is A

No explanation has been provided for this answer.

812.

In the event of the liquidation of a company, the first to be settled are?

A.

debenture holders

B.

members of the board

C.

preference shareholders

D.

ordinary shareholders

Correct answer is A

No explanation has been provided for this answer.

813.

Entrepreneurship mainly involves?

A.

risk-taking

B.

initiating

C.

skilled manpower

D.

knowledge

Correct answer is A

No explanation has been provided for this answer.

814.

A functional structure is an organizational structure in which?

A.

abstract rules are applied

B.

equity prevails

C.

a specialist enforces his directives

D.

there is no hierarchy

Correct answer is C

No explanation has been provided for this answer.

815.

Stimulation of demand is a kind of communication in marketing which connotes?

A.

personal selling

B.

sales promotion

C.

advertising

D.

merchandising

Correct answer is C

No explanation has been provided for this answer.