JAMB - Commerce (2010)

  • 1
    Which Commerce Question Paper is given to you?
    პასუხი
    (B)
    Type B
  • 2
    The wealth of a nation depends on the volume of its?
    პასუხი
    (B)
    commercial activities
  • 3
    Which of the following can be used to differentiate skilled and unskilled labour?
    პასუხი
    (A)
    Education and training
  • 4
    A doctor who attends to patients at home after his official duty is?
    პასუხი
    (B)
    a direct service worker
  • 5
    Manufacturing and constructive activities are classified under?
    პასუხი
    (C)
    secondary production
  • 6
    The rewards of rents, wages, interests and profits accrue from?
    პასუხი
    (C)
    land, labour, capital and entrepreneur respectively
  • 7
    The factor of production that is subject to depreciation is?
    პასუხი
    (A)
    capital
  • 8
    Division of labour ultimately leads to?
    პასუხი
    (C)
    specialization
  • 9
    A worker who process rice is engaged in?
    პასუხი
    (D)
    manufacturing activity
  • 10
    After-sales service is a function usually rendered by?
    პასუხი
    (A)
    a retailer
  • 11
    A trend in retailing which enables consumers to have free access to different products is?
    პასუხი
    (C)
    self-services
  • 12
    The activity which entails buying of goods in bulk and selling in small quantities to retailers is?
    პასუხი
    (B)
    wholesaling
  • 13
    The comparison of a country's visible and invisible exports and imports expressed in monetary term is?
    პასუხი
    (C)
    balance of trade
  • 14
    The document that gives an importer a freehand to obtain goods from any manufacturer is?
    პასუხი
    (C)
    an open indent
  • 15
    Entrepot trade usually occurs in?
    პასუხი
    (C)
    importing goods to be re-exproted
  • 16
    The document issued to a port authority when goods are deposited is a?
    პასუხი
    (D)
    dock warrant
  • 17
    The details of the goods require by the the purchaser is outlined in?
    პასუხი
    (C)
    an invoice
  • 18
    Selling goods in foreign countries at price below their marginal cost is?
    პასუხი
    (A)
    dumping
  • 19
    A process of creating more market for a product is through?
    პასუხი
    (C)
    advertising
  • 20
    One of the merits of television as a medium of of advertising is that it?
    პასუხი
    (C)
    has more sensory stimulation
  • 21
    The best mode of ensuring that items posted got to the named address through?
    პასუხი
    (B)
    registered mail
  • 22
    A businessman who undertakes the hull insurance policy is aiming at?
    პასუხი
    (D)
    covering damages to the body of the ship
  • 23
    An agent who brings a customer into business contact with his principle is known as?
    პასუხი
    (D)
    a broker
  • 24
    A major hindrance to tourism growth in Nigeria is?
    პასუხი
    (B)
    lack of tourism master plan
  • 25
    The warehouse that is owned and controlled by the government is a?
    პასუხი
    (C)
    state warehouse
  • 26
    One of the main features of a partnership is?
    პასუხი
    (B)
    lack of corporate existence
  • 27
    An arrangement by independent firms to share the market of their products on quota basis is referred to as?
    პასუხი
    (C)
    syndicate
  • 28
    A public company with an authorized capital of N60,000, issued N36,000 shares at 1.50k each.
    What is its capital?
    პასუხი
    (C)
    N54,000
  • 29
    One of the functions of NACCIMA is?
    პასუხი
    (D)
    ensuring uniformity in labour matters and industrial relations
  • 30
    A characteristics of money which ensures that its value is not lost is?
    პასუხი
    (D)
    relative scarcity
  • 31
    The instrument used in the capital market is?
    პასუხი
    (C)
    stock
  • 32
    A prerequisite for admission into the Second Tier Securities Market is for a company to?
    პასუხი
    (B)
    have a minimum of 100 shareholders
  • 33
    The three components of staffing are?
    პასუხი
    (D)
    recruitment, selection and placement
  • 34
    Which of the following is a matter of personal preference on the part of a superior officer?
    პასუხი
    (C)
    Delegation of anthority
  • 35
    The conversion of raw materials into finished goods leads to the creation of?
    პასუხი
    (A)
    form utility
  • 36
    The main concern of marketing concept is to?
    პასუხი
    (B)
    identify consumer needs and satisfy them
  • 37
    The best pricing strategy for a company that produces warm clothing is?
    პასუხი
    (D)
    product line pricing
  • 38
    The label on a product such as 'pampers' is a type of?
    პასუხი
    (A)
    trademark
  • 39
    The deliberate and sustained efforts of an organization towards the creation of goodwill for its products and services is through?
    პასუხი
    (A)
    public relations
  • 40
    An opportunity to reject a binding contract at will by a third party is said to be a?
    პასუხი
    (C)
    voidable contract
  • 41
    An agency contract must involve?
    პასუხი
    (D)
    a principal and an agent
  • 42
    The difference between trademark and patent right is that the latter?
    პასუხი
    (C)
    confers monopoly on a product
  • 43
    Which of the following is a function of consumerism?
    პასუხი
    (A)
    Protecting consumers' rights
  • 44
    A printed copy of processed information from the computer is the?
    პასუხი
    (D)
    hard copy
  • 45
    The central working system of a computer used for data processing is the?
    პასუხი
    (B)
    monitor