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176
A common requirement for public and private limited companies in Nigeria is that
  • A. a shareholder cannot transfer his shares to someone else without permission from other shareholders
  • B. their annual account are made available to the Corporate Affairs Commision
  • C. shares can be offered for sale on the stock exchange
  • D. shares can be offered for sale through an issuing house
View Answer & Discuss JAMB 1999
177
The primary motive behind an individual engaging in production is to?
  • A. fully engaged all the factors of production
  • B. make available goods and services
  • C. meets projected profit
  • D. meet basic human needs
View Answer & Discuss JAMB 1999
178
Musa obtains wool from his sheep, spins and transforms it into cloth which he sells to consumers. This is a form of
  • A. vertical integration
  • B. horizontal integration
  • C. forward intergration
  • D. backward integration
View Answer & Discuss (2) JAMB 1999
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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179
A company has an authorized capital of 40 million shares at N1 per share, out of which 32 million shares have been issued and fully paid-up. The remaining 8 million shares have
  • A. been issued but have not been paid-up
  • B. been applied for but not issued
  • C. not been paid-up
  • D. not yet been issued
View Answer & Discuss JAMB 1999
180
An abridged version of a company's income statement for 11993 contains the following information:
N
Turnover 286.5
cost of goods sold 147.5
overhead and other expenses 85.5
Taxes due for the year 26.9

What was the company's profit before tax for 1993?
  • A. 26.9 million
  • B. 53.5 million
  • C. 139.2 million
  • D. 286.5 million
View Answer & Discuss JAMB 1999
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
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