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Commerce 2010 JAMB Past Questions

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26
One of the main features of a partnership is?
  • A. limited liability
  • B. lack of corporate existence
  • C. unlimited membership
  • D. lack of utual confidence
View Answer & Discuss JAMB 2010
27

An arrangement by independent firms to share the market of their products on quota basis is referred to as?

  • A. trust
  • B. integration
  • C. syndicate
  • D. cartel
View Answer & Discuss (2) JAMB 2010
28

A public company with an authorized capital of N60,000, issued N36,000 shares at 1.50k each.
What is its capital?

  • A. N60,000
  • B. N36,000
  • C. N54,000
  • D. N90,000
View Answer & Discuss (1) JAMB 2010
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29

One of the functions of NACCIMA is?

  • A. negotiating with labour unions in matters of wages and conditions of service
  • B. pooling of members' resources for long-term investment
  • C. disseminating information to members on matters relating to tariffs
  • D. ensuring uniformity in labour matters and industrial relations
View Answer & Discuss JAMB 2010
30

A characteristics of money which ensures that its value is not lost is?

  • A. homogeneity
  • B. easy portability
  • C. divisibility
  • D. relative scarcity
View Answer & Discuss JAMB 2010
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