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Commerce 2009 JAMB Past Questions

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26
In a public limited liability company, planning is carried out by?
  • A. the chairman of the board
  • B. the board of directors
  • C. shareholders
  • D. employees
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27
Partnerships are most effective where?
  • A. the partners are family friends
  • B. professionals are involved
  • C. members can easily raise enough capital
  • D. government regulations are favorable
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28
The type of partnership in which all partners are jointly liable in bearing risk is?
  • A. limited partnership
  • B. partnership-at-will
  • C. ordinary partnership
  • D. industral partnership
View Answer & Discuss JAMB 2009
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29

The financial instrument that entitles the holder to receive dividend and capital gains is a?

  • A. share
  • B. bond
  • C. bill of exchange
  • D. treasury bill
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30

The circulating capital of a business enterprise is classified into?

  • A. cash, work-in-progress and debtors
  • B. cash,vehicles, land and buildings
  • C. debtors , stock of raw materials and fittings
  • D. pre-payments, debtors and equipment
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