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81.
In a limited liability company, the greatest risk is borne by
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A.
Shareholders debentures
B.
Company executives
C.
Ordinary shareholders
D.
Preference shareholders
E.
Board of directors

82.
In a public company, shares are
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A.
Sold to one person only
B.
Distributed freely
C.
Advertised to members of the public for subscription
D.
Disposed off by the Chief Executive
E.
none of the above

83.
The advantage of the sole proprietorship is as follows:
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A.
It is always successful
B.
Continuity is no problem
C.
Control and supervision is under one man
D.
Funds are easy to obtain
E.
Inter-generational equity is assured

84.
The maximum number of shareholders for a limited liability company is
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A.
Twenty
B.
Seven
C.
Five
D.
Infinite
E.
Limited to the number of individuals that are interested

85.
Population density refers to
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A.
Densely populated urban centres
B.
The total area divided by the total population
C.
Densely populated rural areas
D.
The total population divided by the total area
E.
All of the above

86.
To calculate the annual natural growth rate of a country’s population, one has to know the country’s annual birth rate and
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A.
The size of that country
B.
The rate of immigration into that country
C.
The population census of that country
D.
The annual death rate
E.
The gross domestic product (GDP) of the country

87.
Which of the following is not true of the theory of optimum population?
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A.
It is possible for a densely populated country to be under-populated if it has insufficient labour to make the most effective use of its other factors
B.
The quantity of labour, which combines with other factors, gives the minimum output, is known as optimum population
C.
The quantity of labour, which combined with the other factors, gives the maximum output, is known as optimum population
D.
The test of over-population is whether it exceeds the optimum
E.
It is possible for a thinly populated country to be over- populated if it has a poor supply of other factors

88.
Which of the following is the standard concept of measuring and analyzing population growth?
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A.
The rate of natural increase
B.
The net migration rate
C.
The rate of population increase
D.
The fertility rate
E.
All of the above

89.
Which of these would NOT increase the population of a country?
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A.
Increase in death rate
B.
Decrease in birth rate
C.
Emigration
D.
Migration
E.
Better medical facilities

90.
An improvement in the Nigeria’s terms of trade should
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A.
Lead to a fall in cost of her imports in terms of what she must sacrifice to obtain them
B.
Make made-in-Nigeria goods cheaper to buy
C.
Increase Nigeria’s domestic output of commodities
D.
Lead to an increase in her exchange rates
E.
Lead to an increase in Nigeria’s exports of petroleum

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