Jamb 2004 Commerce Past Questions And Answers
1
Authorized share capital is also known as?
- A. called-up share capital
- B. paid-up share
- C. registered share capital
- D. issued share capital
2
Fluctuations in the supply of goods may be eliminated if the distribution system maintains?
- A. modern technology
- B. a team of retailers
- C. warehouse services
- D. sufficient middlemen
3
An action taken by a company outside its object clause is regarded as?
- A. ultra vires
- B. a trespass
- C. uberrima fides
- D. caveat emptor
4
The acronym PLC is used to identify a?
- A. company limited by shares
- B. private company limited by shares
- C. public company limited by shares
- D. company limited by guarantee
5
An insured risk which occurs accidentally as a result of deflects in a ship is?
- A. a voyage policy
- B. a total loss
- C. an emergency
- D. a particular average
6
The strategy adopted by a firm that ceases to operate at one or more locations because of inactivity is?
- A. rejuvenation
- B. focus
- C. diversification
- D. consolidation
7
Non-insurable risk include?
- A. gambling
- B. damage to property
- C. death
- D. marine problems
8
The merger of a textile mill, a cement company and a tannery is referred to as?
- A. conglomerate merger
- B. horizontal merger
- C. lateral merger
- D. vertiical merger
9
The shares of a company listed on the stock exchange for sale are referred to as?
- A. registered shares
- B. deferred shares
- C. issued shares
- D. quoted shares
10
Loan schemes by thrift societies are?
- A. mortage schemes
- B. conventional schemes
- C. mutual schemes
- D. unconventional schemes