JAMB Economics Past Questions & Answers - Page 299

1,491.

The shares that must be redeemed first at liquidation of a company are

A.

Preference shares

B.

Non-voting ordinary shares

C.

Ordinary shares

D.

Debentures

Correct answer is A

No explanation has been provided for this answer.

1,492.

A form of business organization which is characterized by limited authority and liability of individual owners is the

A.

Sole proprietorship

B.

Partnership

C.

Joint stock company

D.

Cooperative society

Correct answer is C

No explanation has been provided for this answer.

1,493.

The best channel of distribution of baked bread is through

A.

Wholesalers to retailers then to consumers

B.

Direct sales to consumers

C.

Wholesalers to consumers

D.

Retailers to consumers

Correct answer is B

No explanation has been provided for this answer.

1,494.

Inflation n the Nigeria economy may be fueled by increase in

A.

The dollar price of crude oil

B.

The sale of company shares

C.

Government expenditure

D.

Sale of government bonds

Correct answer is C

No explanation has been provided for this answer.

1,495.

A market where there are many differentiated products is called

A.

Monopoly

B.

Perfect competition

C.

Monopolistic competition

D.

Oligopoly

Correct answer is C

No explanation has been provided for this answer.