JAMB Past Questions and Answers - Page 281

1,401.

The capital employed is

A.

N 1,000

B.

N 1,370

C.

N 140

D.

N50

Correct answer is A

No explanation has been provided for this answer.

1,402.

Entrusting the management of a company to the courts to enable the settlement of the company’s obligations is an indication of?

A.

distress

B.

closure

C.

bankruptcy

D.

liquidation

Correct answer is C

No explanation has been provided for this answer.

1,403.

At the collapse of a business enterprise, the person appointed to dispose of all assets is called

A.

a broker

B.

an auctioneer

C.

a liquidator

D.

an auditor

Correct answer is C

No explanation has been provided for this answer.

1,404.

A form of ownership which exploits the strength of one partner to remedy the weakness of the other is a?

A.

joint partnership

B.

cooperative

C.

corperation

D.

joint venture

Correct answer is A

No explanation has been provided for this answer.

1,405.

One major advantage of a credit and thrift cooperative is that

A.

It can approach government for loan

B.

It encourages saving habit

C.

there are no legal restrictions

D.

each member has a vote during meetings

Correct answer is B

No explanation has been provided for this answer.