JAMB Economics Past Questions & Answers - Page 287

1,431.

One of the major advantages of public enterprises is that

A.

They are highly subsidize

B.

They are the largest employers of labour

C.

Their operations are highly standardized

D.

They take prompt decisions and actions

Correct answer is A

No explanation has been provided for this answer.

1,433.

The major reason for the survival of small shops despite competition from large business enterprises is because of

A.

The small capital outlay involved

B.

Regularity and constant supply of commodities by them

C.

Their local srvices and longer hours of operation

D.

Their level of managerial competence

Correct answer is C

No explanation has been provided for this answer.

1,434.

In a joint stock company, preference shareholders are those who receive

A.

High dividends when profits are high and little or nothing when profits are low

B.

A fixed rate of individend and have the first claim on the net profits of the company

C.

The remaining profits after all other shareholders have been paid

D.

Dividends quarterly when others receive annually

Correct answer is B

No explanation has been provided for this answer.

1,435.

Stocking small quantities of a variety of goods is a function of the

A.

Manufacturer

B.

Wholesaler

C.

Retailer

D.

Consumer

Correct answer is C

No explanation has been provided for this answer.