JAMB - Commerce (2013)

• 1

  The type of labour that makes use of physical effort in production processes is the

  回答

  (A)

  unskilled labour
• 2

  The assembling of products into usable forms is known as

  回答

  (B)

  manufacturing
• 3

  The final link in the chain of distribution is

  回答

  (C)

  consumer
• 4

  A country is said to be experiencing an unfavorable balance of trade if her

  回答

  (D)

  visible imports exceed visible exports
• 5

  Trading position of Nigeria is the same as her

  回答

  (A)

  desire to trade with many countries
• 6

  The role of customs and exercise authority includes the

  回答

  (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

  回答

  (C)

  ship manifest
• 8

  The document which must be endorsed by the ambassador of a country of destination before shipment of goods is a

  回答

  (B)

  certificate of origin
• 9

  A country's terms of trade are said to improve when the ratio of her export

  回答

  (C)

  increases
• 10

  Which of the following advertising medium appeals to only the literate in the society

  回答

  (B)

  print media advertising
• 11

  The two main forms of communication are

  回答

  (B)

  verbal and non-verbal
• 12

  The most reliable and efficient means of conveying urgent documents is through

  回答

  (D)

  courier services
• 13

  An undertaking given by a person to another assuring his integrity is

  回答

  (B)

  fidelity guarantee
• 14

  An importance of warehousing is in the

  回答

  (A)

  production of goods
• 15

  In order to increase the capital owned, a sole trader may

  回答

  (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

  回答

  (D)

  dormant partner
• 17

  Which of the following will not be stated in a Memorandum of Association

  回答

  (B)

  rights of shareholders
• 18

  The amount of authorized capital that shareholders have subscribed to is

  回答

  (A)

  issued share capital
• 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?

  回答

  (C)

  #62,500
• 20

  A lawyer that defrauds his client may be derobed by the Nigerian Bar association in order to

  回答

  (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

  回答

  (D)

  protect the interest of consumers
• 22

  Trade fairs in Nigeria are organised by

  回答

  (D)

  Chambers of Commerce
• 23

  Money is generally accepted for transactions due to

  回答

  (A)

  the legal backing
• 24

  Which of the following is a quality of money

  回答

  (B)

  Scarcity
• 25

  Money can be simply be referred to as a

  回答

  (A)

  measure of value
• 26

  Gilt-edged securities are issued mainly by

  回答

  (C)

  Government
• 27

  The initial function of a manager is

  回答

  (C)

  planning
• 28

  The most suitable organizational structure for small or medium sized enterprises is

  回答

  (D)

  functional structure
• 29

  In a staff-authority relationship, the opinion of a specialist in one department to another is

  回答

  (B)

  an advice
• 30

  Management of a business involves the development of ideas for the

  回答

  (D)

  production of goods and services that satisfy human needs
• 31

  Which of the following is used as a pricing policy?

  回答

  (D)

  Market skimming
• 32

  The essential utility derived from the use of a product is known as

  回答

  (C)

  core benefit
• 33

  The breaking down of a market into separate and identifiable elements is known as

  回答

  (B)

  segmentation
• 34

  A contract that is acknowledged before the law court is referred to as

  回答

  (C)

  contract of records
• 35

  An agent employed to sell goods delivered to him by the principal is referred to as a

  回答

  (C)

  factor
• 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

  回答

  (D)

  breach
• 37

  The right to retain possession of goods until the contract price is paid is referred to as

  回答

  (D)

  a lien
• 38

  A contract can be terminated through

  回答

  (C)

  frustration
• 39

  The sole legal right held by the author to publish his book is

  回答

  (B)

  copyright
• 40

  The process of transferring data from one computer to another is referred to as

  回答

  (A)

  downloading
• 41

  The physical component of a computer system is

  回答

  (B)

  hardware
• 42

  The type of computer software used mainly for management information is

  回答

  (C)

  data base
• 43

  To meet security requirements before gaining access to data, a computer operator supplies

  回答

  (C)

  a password
• 44

  A major factor that affects business operations is

  回答

  (A)

  technology
• 45

  The environmental hazard that is most difficult to control is

  回答

  (C)

  air pollution