JAMB - Commerce (2008)

• 1

  An aspect of commerce that facilitates the distribution of products is?

  回答

  (A)

  transportation
• 2

  An activity that involves derivation of raw materials from land and sea is?

  回答

  (D)

  extraction
• 3

  The art of soaping-making is an example of?

  回答

  (B)

  secondary occcupation
• 4

  Given:
  i. Shoemaker
  ii. Policeman
  iii. Fisherman
  iv. Gardener
  v.Broker

  The persons engaged in primary occupation are?

  回答

  (B)

  iii and iv
• 5

  The process of changing the form of a new material is known as?

  回答

  (D)

  production
• 6

  In the long run, all factors of production are?

  回答

  (B)

  variable
• 7

  The quality and quantity of production mostly depend on the?

  回答

  (A)

  effectiveness of factors
• 8

  The promotion of savings culture is a feature of a?

  回答

  (C)

  thirft cooperative society
• 9

  A document which gives a legal status to a company is the certificate of?

  回答

  (A)

  incorporation
• 10

  A proposed company may not be registered if?

  回答

  (A)

  the name conficits with that of another
• 11

  An example of a cartel is?

  回答

  (A)

  OPEC
• 12

  The cheapest source of funds available to a company is through?

  回答

  (B)

  retained profits
• 13

  The components of capital employed in a business are?

  回答

  (B)

  total assets and current liabilities
• 14

  In order to prevent Liquidity in commercial banks, the central banks uses?

  回答

  (C)

  reserve ratio
• 15

  An account maintained with a commercial bank for the purpose of foreign exchange transaction is the?

  回答

  (C)

  domiciliary account
• 16

  A trader who gives credit stands to enjoy?

  回答

  (C)

  increased sales
• 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?

  回答

  (A)

  bull
• 18

  A source of capital that has elements of debt and equity is a?

  回答

  (D)

  share
• 19

  A type of retail trade where a group of similar stores which is owned by a firm operates in different locations is a?

  回答

  (B)

  chain stores
• 20

  A warehouse which is used to store goods whose customs duty is not yet paid is a?

  回答

  (B)

  bonded warehouse
• 21

  Balance of payments is made up of?

  回答

  (C)

  current and capital items
• 22

  Most of the barriers to international trade have been eliminated through?

  回答

  (B)

  globalization
• 23

  A document sent by a seller to inform a buyer about the prices of goods is the?

  回答

  (B)

  price list
• 24

  When 'FOB' is written on a document, it implies that the buyer bears the?

  回答

  (C)

  insurance and transport costs
• 25

  A crossed cheque with the inscription 'not negotiable' must be paid into the?

  回答

  (B)

  current account of the payee
• 26

  The pooling of business information for the benefit of members is a major function of a?

  回答

  (B)

  trade association
• 27

  An association to which all chambers of commerce in Nigeria are affiliated is the?

  回答

  (C)

  Nigeria Association of Chambers of commerce, industry, Mines and Agriculture
• 28

  The resources which are necessary for business development include?

  回答

  (C)

  man, money, materials and machines
• 29

  The four Ps of marketing are?

  回答

  (C)

  price, product, place and promotion
• 30

  Personal selling is used for the purpose of?

  回答

  (C)

  creating product awareness
• 31

  Ships used for international transport are?

  回答

  (C)

  ocean liners
• 32

  A function generally performed by authorities of both the air and seaport is the?

  回答

  (C)

  maintenance of security and order at the ports
• 33

  A major factor hindering effective communication process is?

  回答

  (D)

  noise
• 34

  The fear of many communities concerning tourism development is the?

  回答

  (A)

  influence of foreign culture
• 35

  The development of tourism in Nigeria will enhance?

  回答

  (B)

  revenue generation
• 36

  A historical building is a feature of?

  回答

  (A)

  cultural tourism
• 37

  The sum of money paid by a policy-holder to an insurer is referred to as?

  回答

  (B)

  premium
• 38

  An example of a non-insurable risk is?

  回答

  (B)

  speculation
• 39

  The coordinating section of the central processing unit that manages the flow of data is the?

  回答

  (B)

  control unit
• 40

  An agreement between two parties which is enforceable by law is a?

  回答

  (C)

  contract
• 41

  The implied provisions in every sale of goods as contained in the Sales of Goods Act of 1893 are conditions and?

  回答

  (C)

  warranties
• 42

  When an employee incurs expenses while executing his normal duty, the employer is responsible for his?

  回答

  (D)

  indemnification
• 43

  The body charged with divesting government interests in public enterprises is?

  回答

  (C)

  BPE
• 44

  The practice whereby government relinquishes its ownership interest in a public enterprises is?

  回答

  (C)

  privatization
• 45

  A factor in a business environment which increases the rate of product obsolescence is?

  回答

  (A)

  technology