JAMB Past Questions and Answers - Page 280

1,396.

One of the reasons why wholesaling must continue is that?

A.

the tax paid by wholesalers on their profit enhances national revenue

B.

by creating artificial scarcity, the wholesaler is enhencing competition

C.

the wholesaler provides technical advice to the retailer

D.

the gap between manufacturers and retailers is reduce byn wholesalers

Correct answer is D

No explanation has been provided for this answer.

1,397.

The capital owned is

A.

N2,740

B.

N 1,350

C.

N1,150

D.

N570

Correct answer is D

No explanation has been provided for this answer.

1,398.

The difference between total current assets and total current liabilities of a business is known as

A.

quick ratio

B.

liquidity ratio

C.

working capital

D.

circulating capital

Correct answer is C

No explanation has been provided for this answer.

1,399.

(i) Personal Savings
(ii)Retained Earnings
(iii)Accrued taxes
Which of the items above constitute internal sources of financing for companies?

A.

i and ii

B.

i and iii

C.

ii and iii

D.

i, ii and iii

Correct answer is C

No explanation has been provided for this answer.

1,400.

The financial instrument for borrowing in which the collateral is usually more than the amount borrowed is?

A.

trust certificate

B.

detachable warrant

C.

mortage bond

D.

converttible securities

Correct answer is C

No explanation has been provided for this answer.