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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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446
A group of assets which a business acquires with the intention of reselling them are referred to as?
A.
current assets
B.
investment assets
C.
fixed assets
D.
intangible assets
View Answer & Discuss
JAMB 2004
447
Authorized share capital is also known as?
A.
called-up share capital
B.
paid-up share
C.
registered share capital
D.
issued share capital
View Answer & Discuss
JAMB 2004
448
An action taken by a company outside its object clause is regarded as?
A.
ultra vires
B.
a trespass
C.
uberrima fides
D.
caveat emptor
View Answer & Discuss
JAMB 2004
449
The strategy adopted by a firm that ceases to operate at one or more locations because of inactivity is?
A.
rejuvenation
B.
focus
C.
diversification
D.
consolidation
View Answer & Discuss (1)
JAMB 2004
450
A written partnership contract is known as?
A.
an invoice
B.
a deed
C.
a prospectus
D.
a proposal
View Answer & Discuss
JAMB 2004
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