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Commerce 2018 JAMB Past Questions

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56

when it becomes necessary to liquidate a company, the first step to be taken is the appointment of a?

  • A. a receiver
  • B. an auditor
  • C. an account
  • D. a liquidator
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57

Transportation, retailing and wholesaling industries rely heavily on?

  • A. banking
  • B. insurance
  • C. manufacturing
  • D. railway
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58

Erroneous real arrangement of financial figure such as writing N624 as N264 is called?

  • A. ommission
  • B. commission
  • C. transposition
  • D. principle
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59

The business organisation in which shareholders have equal votes is?

  • A. sole proprietorship
  • B. partnership
  • C. cooperative
  • D. limited liability company
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60

Excise duties are paid on goods that are?

  • A. imported into the country
  • B. manufactured within the country
  • C. exported to other countries
  • D. kept in bonded warehouse
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