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Home
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Economics
JAMB 1991
Economics 1991 JAMB Past Questions
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16
A possible factor which limits the extent of growth of a firm is the?
A.
existence of a monoploy
B.
bureaucratic delays in decision-making
C.
use of by-products
D.
unwillingness to share ownership and control
View Answer & Discuss
JAMB 1991
17
One of the most outstanding disadvantages of co-operative societies as business organization is that?
A.
true spirit of co-operation is marred by delegated authority
B.
members show much interest
C.
it is poorly financed
D.
membership interest is centred on sharing of essential commodities
View Answer & Discuss
JAMB 1991
18
A disadvantage of a joint-stock company is?
A.
unlimited liability
B.
limited liability
C.
continuity
D.
loss of controlling interest
View Answer & Discuss (1)
JAMB 1991
19
A characteristic of a debenture is that?
A.
its yeild is based on profits
B.
its yeild is a fixed rate of interest
C.
it has no redemption date
D.
there is a voting right when interest is paid
View Answer & Discuss
JAMB 1991
20
Industries tend to be located closer to market centers than to the sources of major raw materials if the?
A.
products are relatively cheap to transport to market centers
B.
products are relatively more expensive to transport than the major raw materials
C.
raw marterials are bulky
D.
raw marterials can also be imported
View Answer & Discuss
JAMB 1991
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