JAMB Commerce Past Questions & Answers - Page 225

1,121.

Partnership are most suitable where

A.

the partners are family friends

B.

professionals are involved

C.

members can easily rasie enough capital

D.

government regulations are favourable

Correct answer is B

No explanation has been provided for this answer.

1,122.

The object of the business are determined by the

A.

workers

B.

government

C.

society

D.

promoters

Correct answer is C

No explanation has been provided for this answer.

1,123.

The main purpose of insurance is to

A.

encourage business to surviveand grow

B.

ensures that facilities are available for operators

C.

accepts risk s and extend credit to policy holders

D.

spread individual losses ove all covered participants

Correct answer is D

No explanation has been provided for this answer.

1,124.

The person who undertakes any risk in insurance business is known as

A.

a broker

B.

an underwriter

C.

C.

D.

an actuary

Correct answer is B

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1,125.

The mode of transportation that is noted for on time dependability and low cost peer unit on gods carried is?

A.

pipe line

B.

air

C.

rail

D.

road

Correct answer is B

No explanation has been provided for this answer.