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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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186
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
View Answer & Discuss JAMB 1982
187
A firm whose cost of production decrease as it continues to increase its output is said to be enjoying?
  • A. profit maximization
  • B. large-scale production
  • C. a wind fall
  • D. government subsidies
  • E. economies of scale
View Answer & Discuss (3) JAMB 1982
188
Who controls a limited liability company ?
  • A. The general manager
  • B. The managing director
  • C. The owner of 51% of shares
  • D. The board of directors
  • E. The government
View Answer & Discuss (1) JAMB 1982
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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189
The National Electric Power Authority (NEPA) is a?
  • A. Public limited company
  • B. Public liability company
  • C. Private authority
  • D. Public corporation
  • E. Federal government authority
View Answer & Discuss JAMB 1982
190
Which one of the following functions of banks in Nigeria is reserved to the Central Bank?
  • A. Accepting deposits
  • B. Serving as agents for payments
  • C. Issuing bank-notes
  • D. Lending to customers
  • E. Purchasing and selling of stock exchange securities
View Answer & Discuss (6) JAMB 1982
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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