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Commerce 1995 JAMB Past Questions

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36
In the case of a voluntary liquidation of a business the receivers is appointed by the by the
  • A. creditors
  • B. debtors
  • C. directors
  • D. shareholders
View Answer & Discuss (1) JAMB 1995
37
When a company uses more of loans than equity to finance its business, the company is said to be
  • A. bankrupt
  • B. solvent
  • C. highly geared
  • D. in a strong liquid position
View Answer & Discuss JAMB 1995
38
The nominal value of a share as specified in the Memorandum of Association and the share certificate is the
  • A. discounted value
  • B. stock value
  • C. face value
  • D. par value
View Answer & Discuss (1) JAMB 1995
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39
A public limited company can raise long-term loans through
  • A. the capital market
  • B. the money market
  • C. bank overdrafts
  • D. discount houses
View Answer & Discuss JAMB 1995
40
Factoring is a trade debt term used when the agent buys all the trade debts of the
  • A. importers
  • B. exporters
  • C. nation
  • D. customers
View Answer & Discuss JAMB 1995
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