Past Questions And Answers

4531

This question is based on Ferdinand Oyono's

A. disillusion with the whites
B. satisfaction with the medal
C. contribution to the colonialists
D. admiration for the church

View Discussion (0)JAMB 2008

4532

If sulphur (IV) oxide and methane are released simultaneously at the opposite ends of a narrow tube, the rates of diffusion Rso2 and Rch4 will be in the ratio? (S = 32, O = 16, C = 12, H = 1)

A. 4:1
B. 2:1
C. 1:2
D. 1:4

View Discussion (0)JAMB 1998

4533

Which of the following are features of a limited liability company?

i. Separate legal entity

ii. Right to sue but not be sued

iii. Has its own corporate name

iv. the inability of members is limited

A) I, II and III
B) II, III and IV
C) I, II and IV
D) I,III and IV

Correct Answer: D) I,III and IV

Explanation

This question is asking about the features of a limited liability company. A limited liability company, also known as an LLC, is a type of business entity where the owners have limited liability for the company's debts and actions. Let's go through each option to determine which features are associated with a limited liability company.

Option A states that the features of a limited liability company are i. Separate legal entity, ii. Right to sue but not be sued, and iii. Has its own corporate name.

Option B states that the features of a limited liability company are ii. Right to sue but not be sued, iii. Has its own corporate name, and iv. The inability of members is limited.

Option C states that the features of a limited liability company are i. Separate legal entity, ii. Right to sue but not be sued, and iv. The inability of members is limited.

Option D states that the features of a limited liability company are i. Separate legal entity, iii. Has its own corporate name, and iv. The inability of members is limited. This is the correct option.

From these options, we can see that the correct features of a limited liability company are: i. Separate legal entity, iii. Has its own corporate name, and iv. The inability of members is limited.

So, the correct answer is Option D: i. Separate legal entity, iii. Has its own corporate name, and iv. The inability of members is limited.

A limited liability company is a popular form of business organization because it provides limited liability protection to its owners, allowing them to separate their personal assets from the company's liabilities. This means that the owners' personal assets are generally not at risk if the company incurs debts or faces legal action. The separate legal entity feature means that the company is recognized as a legal entity separate from its owners, which gives it certain rights and responsibilities. Having its own corporate name means that the company can choose a unique name to represent its brand and identity. The inability of members being limited means that the owners or members of the company have limited liability, meaning their personal liability is limited to their investment in the company.

It is important for commerce students to understand the features of different business entities, as it helps them understand the legal and operational aspects of running a business.

View Discussion (0)POST UTME OAU

4534

This question is based on General Literary Principles

A humorous play based on an unrealistic situation is considered in drama as

A. comedy
B. tragdy
C. farce
D. burlesque

View Discussion (0)JAMB 1999

4535

From the word lettered A to D, choose the word that best completes each of the following sentences

A judge is required to....justice fairly.

A. defer
B. dispense
C. define
D. dispel

View Discussion (0)WAEC 2015 OBJ

4536

Which of the following alkanes has a straight-chain structure?

A. Cyclopentane
B. Isobutane
C. Butane
D. Pentane

View Discussion (0)JAMB 2023

4537

Demand-pull inflation results when there is

A. inadequate improvement in the wage rate of workers
B. execessive demand due to high purchasing power
C. excessive supply of raw materials for production
D. rise in productivity of the factors of production

View Discussion (0)WAEC 1996 OBJ

4538

Cup is to coffee as bowl is to

A. dish
B. soup
C. spoon
D. food

View Discussion (0)POST UTME UNILORIN

4539

A flagstaff stands on the top of a vertical tower. A man standing 60 m away from the tower observes that the angles of elevation of the top and bottom of the flagstaff are 64^o and 62^o respectively. Find the length of the flagstaff.

A. 60 (tan 62^o - tan 64^o)
B. 60 (cot 64^o - cot 62^o)
C. 60 (cot 62^o - cot 64^o)
D. 60 (tan 64^o - tan 62^o)

View Discussion (0)JAMB 1991

4540

A square has

(a) 2 of its sides are equal
(b) all it sides equal
(c) non of its sides equal
(d)3 of its sides equal

View Discussion (0)POST UTME UNILORIN