JAMB - Commerce (2020)

  • 1
    A distinguishing characteristic of a limited liability company is that
    תְשׁוּבָה
    (C)
    has limited resources
  • 2
    Freight note is a document
    תְשׁוּבָה
    (A)
    issued by a shipping company giving details of changes
  • 3

    Which of the following are the components of commerce?

    I. trading and advertising
    II. warehousing and transportation
    III. packing and branding
    IV. Insurance and banking

    תְשׁוּבָה
    (B)
    I,II and IV
  • 4
    Extractive industries may also be denominated as
    תְשׁוּבָה
    (D)
    primary industries
  • 5
    A common requirement for public and private limited companies in Nigeria is that
    תְשׁוּבָה
    (C)
    their annual accounts are made available to the corporate affairs commission
  • 6
    Mr. Olatunde took up a fire insurance on a property valued at ₦1000 and the amount insured is ₦80. Thee ₦400. If the property caught fire causing a loss of insurance was taken with the clause with average what is the amount to be paid bý the insurance company?
    תְשׁוּבָה
    (B)
    ₦320
  • 7
    One major characteristic of credit unions and thrift societies is that
    תְשׁוּבָה
    (A)
    the contribution of every member depends on the member's ability
  • 8
    An author's exclusive right to his published and unpublished works is known as
    תְשׁוּבָה
    (C)
    copyright
  • 9
    The management function that makes the difference in intensity of behavior is
    תְשׁוּבָה
    (B)
    motivation
  • 10
    Charges for loans paid by commercial banks to the Central Bank of Nigeria are called
    תְשׁוּבָה
    (D)
    bank rates
  • 11
    The difference between personal selling and sales promotion is that while sales promotion includes free gifts and samples. personal selling involves
    תְשׁוּבָה
    (A)
    face-to-face communication with customers
  • 12
    One of the disadvantages of sole proprietorship is
    תְשׁוּבָה
    (C)
    unlimited liability
  • 13

    Use the diagram above to answer this question

    X represents

    תְשׁוּבָה
    (B)
    receiver
  • 14

    Use the diagram above to answer this question

    In the communication process. Y represents

    תְשׁוּבָה
    (D)
    the medium
  • 15
    One of the functions of the Nigeria Ports Authority is the provision of
    תְשׁוּבָה
    (B)
    facilities to enhance the speedy loading and offloading of cargoes
  • 16
    The scope of economic activities can be enlarged by
    תְשׁוּבָה
    (B)
    trading and aids to trade
  • 17

    Given:

    I. shoe maker
    II. policemen
    III. fishermen
    IV. Gardener
    V. Broker.

    The persons engaged in primary Occupation are

    תְשׁוּבָה
    (D)
    III and IV
  • 18
    Ships used for international transport are
    תְשׁוּבָה
    (A)
    oceanliners
  • 19
    The process of eliminating a virus from computer is the
    תְשׁוּבָה
    (D)
    debugging
  • 20
    A customer with ABC Plc sent money through his account to his sister's account in another branch. This Is an example of
    תְשׁוּבָה
    (C)
    e-banking
  • 21
    One of the merits of television as a medium of advertising is that it
    תְשׁוּבָה
    (D)
    has more sensory stimulation
  • 22
    The central working system of a computer used for data processing is the
    תְשׁוּבָה
    (D)
    memory unit
  • 23
    An example of a computer operating system is
    תְשׁוּבָה
    (B)
    windows 2000
  • 24
    The arrangement and interrelationship of the various components and positions of a business is referred to as
    תְשׁוּבָה
    (C)
    organisational structure
  • 25

    Given:
     ₦
    Opening Stock  1,800
    Purchases  2,800
    Sales 8,000
    Closing stock  350
    Carriage on sales 500

    Calculate the value of the unused stock.

    תְשׁוּבָה
    (D)
    ₦350
  • 26
    Modern means of payment is greatly facilitated by
    תְשׁוּבָה
    (A)
    e-banking
  • 27
    A country is said to be experiencing an unfavourable balance of trade if her
    תְשׁוּבָה
    (B)
    visible imports exceeds Visible exports
  • 28
    An undertaking given by a person to another assuring his integrity is
    תְשׁוּבָה
    (C)
    fidelity guarantee
  • 29
    The principle of management that emphasizes on the number of subordinates under the direct supervision of a manager is
    תְשׁוּבָה
    (D)
    span of control
  • 30
    Mr. Taju entered into a contract to let a car to Mr. Funbi for his wedding for two days. However, the car had an accident before the first day. Mr. Funbi attempted to Claim damages but failed. This implies that the contract was terminated by
    תְשׁוּבָה
    (D)
    frustration
  • 31

    Given:
     ₦
    Sales  15,000
    Opening stock  5,600
    Purchases  9,700
    Closing stock 4,400
    Gross profit  4,500
    Net profit  2,000

    From the above data, calculate the rate of turnover

    תְשׁוּבָה
    (C)
    2.18 times
  • 32

    From the diagram above, what does I stand for?

    תְשׁוּבָה
    (A)
    aids to trade
  • 33
    The agency that currently oversees the privatization and commercialization processes in Nigeria is the
    תְשׁוּבָה
    (D)
    Bureau of public enterprises
  • 34
    A doctor who attends to patients at home after his official duty is
    תְשׁוּבָה
    (B)
    a direct service worker
  • 35
    The process of dividing tasks into jobs and departments and delegating authority is known as
    תְשׁוּבָה
    (C)
    organizing