JAMB - Commerce (2008)
1
An aspect of commerce that facilitates the distribution of products is?
2
An activity that involves derivation of raw materials from land and sea is?
3
The art of soaping-making is an example of?
4
Given:
i. Shoemaker
ii. Policeman
iii. Fisherman
iv. Gardener
v.Broker
The persons engaged in primary occupation are?
5
The process of changing the form of a new material is known as?
6
In the long run, all factors of production are?
7
The quality and quantity of production mostly depend on the?
8
The promotion of savings culture is a feature of a?
Answer(C)
thirft cooperative society
9
A document which gives a legal status to a company is the certificate of?
10
A proposed company may not be registered if?
Answer(A)
the name conficits with that of another
11
An example of a cartel is?
12
The cheapest source of funds available to a company is through?
13
The components of capital employed in a business are?
Answer(B)
total assets and current liabilities
14
In order to prevent Liquidity in commercial banks, the central banks uses?
15
An account maintained with a commercial bank for the purpose of foreign exchange transaction is the?
16
A trader who gives credit stands to enjoy?
17
A person who buys new issues with a view of reselling at a higher price in the near future is referred to as a?
18
A source of capital that has elements of debt and equity is a?
19
A type of retail trade where a group of similar stores which is owned by a firm operates in different locations is a?
20
A warehouse which is used to store goods whose customs duty is not yet paid is a?
21
Balance of payments is made up of?
Answer(C)
current and capital items
22
Most of the barriers to international trade have been eliminated through?
23
A document sent by a seller to inform a buyer about the prices of goods is the?
24
When 'FOB' is written on a document, it implies that the buyer bears the?
Answer(C)
insurance and transport costs
25
A crossed cheque with the inscription 'not negotiable' must be paid into the?
Answer(B)
current account of the payee
26
The pooling of business information for the benefit of members is a major function of a?
27
An association to which all chambers of commerce in Nigeria are affiliated is the?
Answer(C)
Nigeria Association of Chambers of commerce, industry, Mines and Agriculture
28
The resources which are necessary for business development include?
Answer(C)
man, money, materials and machines
29
The four Ps of marketing are?
Answer(C)
price, product, place and promotion
30
Personal selling is used for the purpose of?
Answer(C)
creating product awareness
31
Ships used for international transport are?
32
A function generally performed by authorities of both the air and seaport is the?
Answer(C)
maintenance of security and order at the ports
33
A major factor hindering effective communication process is?
34
The fear of many communities concerning tourism development is the?
Answer(A)
influence of foreign culture
35
The development of tourism in Nigeria will enhance?
36
A historical building is a feature of?
37
The sum of money paid by a policy-holder to an insurer is referred to as?
38
An example of a non-insurable risk is?
39
The coordinating section of the central processing unit that manages the flow of data is the?
40
An agreement between two parties which is enforceable by law is a?
41
The implied provisions in every sale of goods as contained in the Sales of Goods Act of 1893 are conditions and?
42
When an employee incurs expenses while executing his normal duty, the employer is responsible for his?
43
The body charged with divesting government interests in public enterprises is?
44
The practice whereby government relinquishes its ownership interest in a public enterprises is?
45
A factor in a business environment which increases the rate of product obsolescence is?
