JAMB Past Questions and Answers - Page 247

1,231.

The location of a business is mostly influenced by?

A.

market outlet

B.

management decision

C.

capital

D.

environment

Correct answer is D

No explanation has been provided for this answer.

1,232.

Which oft these factors of production is relatively fixed in supply?

A.

Capital

B.

Enterpreneuer

C.

Human resources

D.

Natural resources

Correct answer is D

No explanation has been provided for this answer.

1,233.

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.

1,234.

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.

1,235.

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.