Economics Practice Test – Business Organisations

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Economics Practice Test – Business Organisations


Hello and Welcome to Economics Practice Tests – Business Organisations

  1. You are to attempt 5 random objectives questions ONLY.
  2. Supply Your Full Name and Location in the text box below and begin immediately.
  3. You can attempt as many times as possible


The moribund NEPA as a public corporation is _____ (JAMB 1983) 

A. a power generating industry in Nigeria
B. organized in a perfectly competitive market
C. a duopoly
D. a monopoly


The type of business finance that entitles the holder to a fixed rate of dividend is ______ (JAMB 1989) 

A. preferred stock.     B. common stock     C. debenture     D. bank loan


The moribund National Electric Power Authority (NEPA) was a _______ (JAMB 1983)

A. public limited company
B. public liability company
C. private authority
D. federal government authority


The co-operative as a form of business organisation differs from partnership by having ______ (JAMB 1989)

A. several sources of capital for business financing
B. ability to issue preferred stocks to members
C. entrenched democratic control in the conduct of business
D. established rules and regulations governing the activities of its members


A disadvantage of a joint-stock company is _____ (JAMB 1991)

A. unlimited liability     B. limited liability     C. continuity     D. loss of controlling interest


 



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