JAMB - Commerce (2013)
1
The type of labour that makes use of physical effort in production processes is the
2
The assembling of products into usable forms is known as
3
The final link in the chain of distribution is
4
A country is said to be experiencing an unfavorable balance of trade if her
Answer(D)
visible imports exceed visible exports
5
Trading position of Nigeria is the same as her
Answer(A)
desire to trade with many countries
6
The role of customs and exercise authority includes the
Answer(C)
control of the flow of goods in and out of the country
7
The document lodged with the customs authorities before a ship can leave the port is a
8
The document which must be endorsed by the ambassador of a country of destination before shipment of goods is a
9
A country's terms of trade are said to improve when the ratio of her export
10
Which of the following advertising medium appeals to only the literate in the society
11
The two main forms of communication are
12
The most reliable and efficient means of conveying urgent documents is through
13
An undertaking given by a person to another assuring his integrity is
14
An importance of warehousing is in the
15
In order to increase the capital owned, a sole trader may
Answer(D)
draw less of his profit for personal use
16
A business partner who provides capital but abstains from participation in administration of a firm is a
17
Which of the following will not be stated in a Memorandum of Association
18
The amount of authorized capital that shareholders have subscribed to is
19
The rate of turnover of a firm in a given year is 5 times while the average stock is #12,500. what is the turnover of the firm?
20
A lawyer that defrauds his client may be derobed by the Nigerian Bar association in order to
Answer(B)
protect the intergrity of the association
21
In the Nigerian GSM industry,a parliament is organized by the Nigerian Communications Commission in order to
Answer(D)
protect the interest of consumers
22
Trade fairs in Nigeria are organised by
23
Money is generally accepted for transactions due to
24
Which of the following is a quality of money
25
Money can be simply be referred to as a
26
Gilt-edged securities are issued mainly by
27
The initial function of a manager is
28
The most suitable organizational structure for small or medium sized enterprises is
29
In a staff-authority relationship, the opinion of a specialist in one department to another is
30
Management of a business involves the development of ideas for the
Answer(D)
production of goods and services that satisfy human needs
31
Which of the following is used as a pricing policy?
32
The essential utility derived from the use of a product is known as
33
The breaking down of a market into separate and identifiable elements is known as
34
A contract that is acknowledged before the law court is referred to as
35
An agent employed to sell goods delivered to him by the principal is referred to as a
36
A motor dealer who agreed to sell a car to Mr X but delivered it to Mr Y on the delivery date agreed with Mr X. He has discharged the contract by
37
The right to retain possession of goods until the contract price is paid is referred to as
38
A contract can be terminated through
39
The sole legal right held by the author to publish his book is
40
The process of transferring data from one computer to another is referred to as
41
The physical component of a computer system is
42
The type of computer software used mainly for management information is
43
To meet security requirements before gaining access to data, a computer operator supplies
44
A major factor that affects business operations is
45
The environmental hazard that is most difficult to control is
