JAMB - Commerce (2009)
1
The central focus of commercial activities is?
2
An aid to trade associated with communications is?
3
The service of a textile worker are an example of?
4
Resources harnessed in certain proportion to create goods and services are?
5
Primary production is associated with?
6
The major components of modern retailing include?
Answer(D)
branding, supermarkets and after sales-service
7
A chain store usually combines the features of?
Answer(A)
mulitiple shops and departmental stores
8
One of the functions of the wholesaler is to?
9
An artificial barrier to international trade is?
10
The most commonly used commercial documents are?
Answer(A)
order notes, debit notes, invoices and quotations
11
The term free on board means that the price includes?
Answer(D)
costs, insurance and freight
12
If a buyer is given 12.5% discount on N50,000 worth of goods, how much will he pay?
13
A cheque which a bank draws on its own funds is a?
14
Billboards and posters are forms of?
15
A collective term for advertising, personal selling and publicity is?
16
One of the facilities enjoyed by a current account holder is?
17
The central bank differs from commercial banks because it?
18
In which of the following will the numbers of words used determine the cost of the message sent?
19
The transmission of telephone services from one country to another is facilitated by?
20
The principle of insurance which entitles an insurance company to take any advantage due to the insured after full indemnity is?
21
A risk that can be estimated and calculated to be compensation is?
22
The most important reason for the existence of insurance business is to?
Answer(B)
spread losses to all covered participants
23
One major advantage of transportation to a business is to?
Answer(A)
extend the firm's market coverage
24
Warehousing is important to manufacturers because it helps to?
25
One of the major problems of a sole proprietor is sourcing for?
26
In a public limited liability company, planning is carried out by?
27
Partnerships are most effective where?
Answer(B)
professionals are involved
28
The type of partnership in which all partners are jointly liable in bearing risk is?
29
The financial instrument that entitles the holder to receive dividend and capital gains is a?
30
The circulating capital of a business enterprise is classified into?
Answer(A)
cash, work-in-progress and debtors
31
if a firm has a turnover of N50 000 and the cost of goods sold is N40 000, what is the percentage of gross profit on sale?
32
A body established to protect the interest of members against the exploitation of retail traders and manufacturers is the?
33
The manufacturers' Association of Nigeria is an example of a?
34
The characteristic which ensures that money is free from forgery is its?
35
The major dealers on the stock market are the?
36
The daily official publications of the Nigeria Stock Exchange give detailed information on the?
Answer(C)
participation of members in a day
37
The function which ensures that set objectives are attained by an organization is?
38
An organizational structure that is military in nature is the?
39
The efficiency of an organization is enhanced by?
40
The concept which focuses on consumers in decision-making is?
41
Marketing skimming is an example of?
42
The most important attributes in a sale of goods contract are?
43
Unresolved disputes between the employer and employees are usually referred to the?
Answer(D)
industrial arbitration tribunal
44
The process of eliminating a virus from a computer program is?
45
The primary memory component of a computer is the?
