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


A company is said to be highly geared if the _______ (JAMB 1989)

A. value of fixed interest loans s high compared with share capital
B. value of share capital is high compared with fixed interest loans
C. dividend rate is high
D. interest rate is high


A limited liability company is usually owned by ______ (JAMB 1987)

A. an individual     B. a government    C. shareholders   D. two or more partners


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

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


Which of the following is a characteristic of private limited liability company? (JAMB 1986)  

A. Its shares can be sold to the public.
B. The number of shareholders ranges from fifty to one hundred
C. All shareholders have equal powers and responsibilities
D. The number of shareholders ranges from two to fifty.


Under partnerships Investors who have no desires to be actively involved in the day-to-day management of such organisations are called _____ (JAMB 1988)

A. stockbrokers      B. sleeping partners      C. part-time investors      D. ordinary partners.


 



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