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[ Post UTME Begins ]:
View The List Of Schools That Have Released 2026 Post-UTME Forms.
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Commerce Past Questions
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Introduction to Commerce
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2676
The main advantage of a sole trader is the freedom to
A.
employ anyone he likes
B.
seek advice from any source
C.
take quick decisions
D.
plough all the profits back into the business
View Answer & Discuss
JAMB 1995
2677
In the case of a voluntary liquidation of a business the receivers is appointed by the by the
A.
creditors
B.
debtors
C.
directors
D.
shareholders
View Answer & Discuss (1)
JAMB 1995
2678
When a company uses more of loans than equity to finance its business, the company is said to be
A.
bankrupt
B.
solvent
C.
highly geared
D.
in a strong liquid position
View Answer & Discuss
JAMB 1995
2679
The nominal value of a share as specified in the Memorandum of Association and the share certificate is the
A.
discounted value
B.
stock value
C.
face value
D.
par value
View Answer & Discuss (1)
JAMB 1995
2680
A public limited company can raise long-term loans through
A.
the capital market
B.
the money market
C.
bank overdrafts
D.
discount houses
View Answer & Discuss
JAMB 1995
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