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81
The main purpose of insurance is to
  • A. encourage business to surviveand grow
  • B. ensures that facilities are available for operators
  • C. accepts risk s and extend credit to policy holders
  • D. spread individual losses ove all covered participants
View Answer & Discuss JAMB 1997
82
The object of the business are determined by the
  • A. workers
  • B. government
  • C. society
  • D. promoters
View Answer & Discuss JAMB 1997
83
Partnership are most suitable where
  • A. the partners are family friends
  • B. professionals are involved
  • C. members can easily rasie enough capital
  • D. government regulations are favourable
View Answer & Discuss JAMB 1997
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84

Use the conversation below to answer the question below;

MUSA: Taiwo why are you in business?

TAIWO: To optimize profit, provide quality products, and discharge my social responsibilities. What of you, Okon and Kalu

OKON: I am in business to cater to the needs of the consumers at all costs.

KALU: I am in business to make a profit, provided quality products at reasonable prices, and establish a good reputation for myself.

 

The businessman that may end up not discharging his social responsibility is--------------------

  • A. Musa
  • B. Okon
  • C. Taiwo
  • D. Kalu
View Answer & Discuss (1) JAMB 1997
85
The business organization in which shareholder's have equal vote is
  • A. sole pprietorship
  • B. partneeship
  • C. co-operative
  • D. limited liability company
View Answer & Discuss JAMB 1997
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