by Sunday | Dec 13 | Commerce JAMB
A. increase profit of service providers B. protect the interest of government C. encourage more people into the business D. protect the interest of consumers Correct Answer: Option D – protect the interest of consumers Explanation They are there to protect the...
by Sunday | Dec 13 | Commerce JAMB
A. #24,000 B. #46,500 C. #62,500 D. #65,000 Correct Answer: Option C – #62,500 Explanation 12,500 x 5 = 62,500
by Sunday | Dec 13 | Commerce JAMB
A. protect other lawyers B. protect the integrity of the association C. compensate the affected client D. prevent the client from sueing the association Correct Answer: Option B – protect the integrity of the association
by Sunday | Dec 13 | Commerce JAMB
A. issued share capital B. authorized share capital C. owner’s equity D. working capital Correct Answer: Option A – issued share capital Explanation Issued and paid up capital represents the shareholders’ investment in the...
by Sunday | Dec 13 | Commerce JAMB
A. Name clause B. rights of shareholders C. object clause D. registered office Correct Answer: Option B – rights of shareholders Explanation A memorandum of association contains a name clause, registered office clause, object (or objective clause), objects...
by Sunday | Dec 13 | Commerce JAMB
A. general partner B. nominal partner C. secret partner D. dormant partner Correct Answer: Option D – dormant partner Explanation Dormant partner: a partner who contributes capital in a business but takes no share in the active business of a company or...