by Sunday | Dec 13 | Commerce JAMB
A. bank overdraft B. the sale of shares C. credit purchases D. bureau de change Correct Answer: Option B – the sale of shares Explanation Share capital is a long-term means of sourcing for business funds. It is part of the capital of a company that comes from...
by Sunday | Dec 13 | Commerce JAMB
A. both can sue and be sued B. the minimum number of their shareholders is five C. the transfer of their shares is not restricted D. their annual accounts are published for public use Correct Answer: Option A – both can sue and be sued Explanation Common...
by Sunday | Dec 13 | Commerce JAMB
A. ordinary shareholders B. preference shareholders C. cumulative preference shareholders D. debenture holders Correct Answer: Option D – debenture holders Explanation Debenture-holders are the subscribers to debentures. Debentures are part of loan. A...
by Sunday | Dec 13 | Commerce JAMB
A. improve investments B. provide quality products C. target consumers for satisfaction D. carve a niche for the business Correct Answer: Option C – target consumers for satisfaction
by Sunday | Dec 13 | Commerce JAMB
A. joint venture B. partnership C. nominal partnership D. cooperative Correct Answer: Option D – cooperative Explanation The cooperative society works on the principle of mutual help & welfare.
by Sunday | Dec 13 | Commerce JAMB
A. inland letters B. registered letters C. airmail letters express letters D. express letters Correct Answer: Option C – airmail letters express letters