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Most firms are financed by share capital. The shares which do not carry any fixed...

Economics
JAMB 1982
Most firms are financed by share capital. The shares which do not carry any fixed rate of dividend are known as ?
  • A. debentures
  • B. preference shares
  • C. ordinary shares
  • D. participating preference shares
  • E. old shares
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Correct Answer: Option C
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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
WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
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Your School's Whatsapp Group - Join Us now
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WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now