JAMB - Commerce (2004)

• 1

  Ships that sail across the ocean and operate on scheduled time tables are?

  回答

  (B)

  ocean liners
• 2

  Non-insurable risk include?

  回答

  (A)

  gambling
• 3

  The program that makes up the operating system in a computer is?

  回答

  (C)

  system software
• 4

  When an organization studies a market that is undeserved by others and creates a product or service for the segment, it is engaged in?

  回答

  (D)

  product differentiation
• 5

  Coverage against unexpected events is called?

  回答

  (A)

  insurance
• 6

  An insured risk which occurs accidentally as a result of deflects in a ship is?

  回答

  (D)

  a particular average
• 7

  Communication enhances business activities by?

  回答

  (A)

  facilitating interaction between producers and consumers
• 8

  In business, the computer is very important especially in?

  回答

  (D)

  information management
• 9

  What is the most important use of promotion in marketing?

  回答

  (C)

  Information
• 10

  The current highest decision-making body on privatization and commercialization of public enterprises in Nigeria is the?

  回答

  (D)

  Bureau of Public ENterprises
• 11

  The members of the Niger Basin Commission include?

  回答

  (B)

  Burkina Faso, Guinea and Nigeria
• 12

  Business environment refers to all elements that are?

  回答

  (D)

  external to an organization but indirectly related to its operations
• 13

  Consumer rights include the right to?

  回答

  (C)

  redress
• 14

  One important requirement for the membership of the ECOWAS is?

  回答

  (B)

  independence
• 15

  In Nigeria, the body ensures that its members operate according to their professional ethics is the?

  回答

  (A)

  SON
• 16

  A transporter who had to sell some perishable goods without the prior authority of the owner becomes an agent by?

  回答

  (B)

  necessity
• 17

  Poor sewage disposal, oil spill and indiscriminate refuse dumping all lead to?

  回答

  (C)

  land and water pollution
• 18

  One of the advantages of commercialization is that it?

  回答

  (A)

  encourages entrepreneuership
• 19

  A common element in all contracts is?

  回答

  (D)

  agreement
• 20

  Sources of finance to a business include personal savings, share, debentures and?

  回答

  (B)

  bank overdraft
• 21

  Charges for loans paid by commercial banks to the Central Bank of Nigeria are called?

  回答

  (A)

  bank rates
• 22

  In a primary market, new shares are issued through?

  回答

  (B)

  a prospectus, an offer for sale and bill of exchange
• 23

  The instruments of credit includes?

  回答

  (C)

  bills of exchange and promissory notes
• 24

  The shares of a company listed on the stock exchange for sale are referred to as?

  回答

  (D)

  quoted shares
• 25

  What is the role of the capita; market in the privatization exercise in Nigeria?

  回答

  (A)

  Selling the shares and stocks of the companies to be privtized
• 26

  In international trade, documentary credit is also known as?

  回答

  (B)

  letters of credit
• 27

  A specialized institution in Nigeria that deals in capital investments in the form of stocks, share, bond and debentures is the?

  回答

  (A)

  Securities and Exchanfge commission
• 28

  A group of assets which a business acquires with the intention of reselling them are referred to as?

  回答

  (A)

  current assets
• 29

  Authorized share capital is also known as?

  回答

  (C)

  registered share capital
• 30

  An action taken by a company outside its object clause is regarded as?

  回答

  (A)

  ultra vires
• 31

  The strategy adopted by a firm that ceases to operate at one or more locations because of inactivity is?

  回答

  (C)

  diversification
• 32

  A written partnership contract is known as?

  回答

  (B)

  a deed
• 33

  The merger of a textile mill, a cement company and a tannery is referred to as?

  回答

  (B)

  horizontal merger
• 34

  The most important function of commerce is?

  回答

  (B)

  facilitaing exchanges among indiviuals and firms
• 35

  The acronym PLC is used to identify a?

  回答

  (C)

  public company limited by shares
• 36

  Commerce includes all the occupations concerned with?

  回答

  (D)

  distribution
• 37

  Factors of production can be described as the?

  回答

  (A)

  resources required for the provision of goods and services
• 38

  Fluctuations in the supply of goods may be eliminated if the distribution system maintains?

  回答

  (A)

  modern technology
• 39

  Loan schemes by thrift societies are?

  回答

  (C)

  mutual schemes
• 40

  An internal demand for goods to be purchased or drawn from stock is?

  回答

  (B)

  a requisition
• 41

  The term 4 net 7 on an invoice means that?

  回答

  (D)

  4% discount will be allowed on the price charge if payment is made within seven days
• 42

  An order sent by an importer to an overseas supplier stating the details of goods required is known as?

  回答

  (C)

  an indent
• 43

  Organizing trade fairs in Nigeria is the responsibility of?

  回答

  (B)

  Federal Ministry of Commerce
• 44

  International trade takes place as a result of?

  回答

  (B)

  inequitable distribution of natural resources
• 45

  The use of vending machines in retailing is hindered in a developing economy owing to?

  回答

  (D)

  lack os steady power supply