JAMB Past Questions and Answers - Page 282

1,406.

The partner that only contributes part of the capital used in the formation and running of a business is known as?

A.

a passive partner

B.

an active partner

C.

a dormant partner

D.

a nominal partner

Correct answer is C

No explanation has been provided for this answer.

1,407.

Which of the following services does a lawyer render?

A.

industrial services

B.

indirect services

C.

direct services

D.

commercial services

Correct answer is C

No explanation has been provided for this answer.

1,408.

Land as a factor of production does not vary in?

A.

quantity

B.

nature

C.

quality

D.

cost

Correct answer is A

No explanation has been provided for this answer.

1,409.

A distinguishing characteristic of labour is that it is

A.

constant

B.

expensive

C.

mobile

D.

cost

Correct answer is C

No explanation has been provided for this answer.

1,410.

The pivot on the wheel of commerce rotates is

A.

tariff

B.

trade

C.

taxation

D.

price

Correct answer is B

No explanation has been provided for this answer.