Business Organizations Jamb Economics Past Questions
Question 1
The release of a liquid petroleum hydrocarbon into the environment is_______
- A. Oil glut
- B. Oil spill
- C. Oil shock
- D. Oil wastage
Question 2
Being a member of the OPEC, Nigeria is in a favorable position to?
- A. export her crude oil
- B. control world crude oil prices
- C. reap the benefit of a cartel
- D. borrow money from members
Question 3
a debenture share entitles its holder to?
- A. participate in the annual general meeting of the company
- B. share in the dividends declared
- C. recieve a fixed interest on sums invested
- D. have a representative on the Board of Directors
Question 4
Which of the following is applicable in a wholly capitalist economy?
- A. There is government intervention in price determination
- B. Consumer sovereignty does not exist
- C. The price mechanism allocates resources
- D. Households cannot freely decide what to spend on goods and services
