JAMB - Commerce (2007)
1
Consumers require protection against exploitation to ensure?
Answer(C)
the sale of quality products
2
The business environment that takes into cognizance the age distribution, ethnic mix and educational level of the consumer is?
3
An agent who takes tittle to goods and has authority to buy and sell on behalf of another is?
4
Citizens are against privatization mainly because of?
Answer(B)
increased prices of goods and services
5
The major achievement of ECOWAS is?
Answer(A)
the expansion of regional trade
6
An announcement of a person's willingness to enter into a contract is referred to as?
7
The macro-environment forces and trends which are a constraint on business operations are referred to as?
8
Personal selling is most effective in marketing industrial goods because it involves?
Answer(B)
personal interaction and information gathering
9
The controllable variables that a firm uses to achieve its marketing objectives are called?
10
Public relations and advertising are similar in terms of?
Answer(D)
creating a favorable attitude
11
A major function of an entrepreneur is?
12
A Memorandum of Association is applicable to a?
13
The sustainable growth of commerce is largely due to?
14
A major advantage of a cooperative society is that it?
Answer(D)
encourages thirft among members
15
The making of doors from timber planks is a type of?
16
Law-making is an example of?
17
A document which advertise the shares of a company is known as a?
18
The creation of utilities is to satisfy human wants is referred to as?
19
A major criticism of a cooperative society is?
20
An economic activity which deals with natural resources is a form of?
21
The first stage in tourism planing is?
Answer(B)
preparing a list of tourists
22
An agreement by the insurer to compensate the insured for losses suffered is?
23
One of the functions of the Nigeria Ports Authority is the provision of?
Answer(A)
facilities to enhance the speedy loading and offloading of cargoes
24
The World Tourism Organization has its headquarters in?
25
Digital computer is divided into?
Answer(B)
super, maniframe, mini and micro
26
A distinctive advantage of GSM is its?
27
In the permanent storage device, DASD means?
Answer(D)
Direct Access Storage Device
28
The major determinant of fire insurance premium is the?
Answer(A)
type and structure of the property to be insured
29
The internet is a system of telecommunications used for?
Answer(C)
sending electronic messages
30
A written agreement for hiring a ship for transporting goods is a?
31
The major function of a trade association is that it?
Answer(D)
helps to promote research on behalf of members
32
A major setback of international trade is?
33
Which of the following requires payment into the payee's account?
34
The traditional way of paying cooperative dividend is to distribute profit in proportional to members'?
35
A share premium is an example of?
36
The abbreviation C and F indicate that the?
Answer(B)
selling price includes the cost of carriage
37
The sale of of foreign investment and gold reserves can be used to?
Answer(A)
correct adverse balance of trade
38
A major benefit a debtor can derive from using a credit facility is?
39
The function of money that facilitates the comparison of the quality of goods as a basis of exchange is the?
40
The difference between the buying and selling price of shares is known as?
41
Which of the is a risk-free security?
42
The central bank controls the quantity of money in circulation through?
43
The selling of new shares to existing shareholders is referred to as?
44
A new company requiring a large amount of equity finance may source funds from the?
45
A credit instrument which also serves as a legal tender is?
