JAMB - Commerce (2016)

• 1

  The cost which is incurred asa result of failure to load or unload a ship at the ports within a specified period is referred to as

  回答

  (A)

  demurrage charges
• 2

  The process whereby a firm directs its marketing efforts towards a single market by the use of a particular marketing mix is referred to as

  回答

  (A)

  concentration segmentation
• 3

  The function of money that is mostly affected by inflation is

  回答

  (A)

  store of value
• 4

  Ordianry warehouse is usually owned and used by

  回答

  (D)

  wholesalers
• 5

  The winding up of a firm by a resolution of its shareholders is an example of

  回答

  (A)

  voluntary liquidation
• 6

  Which of the following is used for temporary storage of data on a computer?

  回答

  (A)

  RAM
• 7

  An advantage of the Second-Tier Securities Market to an economy is in

  回答

  (A)

  creating avenues for investment
• 8

  The lumbering of trees by a furniture company is an example of

  回答

  (A)

  primary production
• 9

  Which of the following types of occupation involues services that can be referred to as auxiliaries trade?

  回答

  (D)

  Commercial occupation
• 10

  The transformation of cotton into clothings is an example of

  回答

  (A)

  secondary production
• 11

  A basic concept of advertising that reveals the essential message an advertiser wishes to communicate is referred to as the

  回答

  (A)

  medium
• 12

  The type of wholesaler that combines selling, delivery and collection in one operation is

  回答

  (D)

  truck wholesaler
• 13

  Given \(\frac{\text{index of export price}}{\text{index of import price}}\) X \(\frac{100}{1}\)
  
  The formular above can be used to determine the

  回答

  (C)

  tearms of trade
• 14

  Commission on turnover is usually a benefit accruable to the

  回答

  (D)

  payee
• 15

  Avast is an example of

  回答

  (C)

  an antivirus
• 16

  The component of balance of payments which shows how the balance of both current and capital accounts are settled is know as

  回答

  (B)

  monetary movement account
• 17

  The act of interpreting ideas within an organization is

  回答

  (D)

  communicating
• 18

  One of the duties of the employer to his employee is to

  回答

  (D)

  provide job security
• 19

  The buying and selling of goods and services is referred to as

  回答

  (A)

  trading
• 20

  A document that serves as an instument for perferential tariff is referred to as

  回答

  (B)

  a certificate of origin
• 21

  Funds used for paying wages, salaries and payments for raw materials are categorized under

  回答

  (B)

  circulating capital
• 22

  A formal letter to a dealer to enquire details about certain items for sale is referred to as

  回答

  (A)

  an inquiry
• 23

  The pricing policy that seeks to set prices relatively high in order to attract the wealthy segment of the market is

  回答

  (B)

  market skimming
• 24

  In the transportation industry, dead freight is used to describe the

  回答

  (A)

  cost paid for an empty space left in the ship
• 25

  When expenses on trading are deducted, the result is the

  回答

  (B)

  net profit
• 26

  A supplier of flour who intends to sign a contract with a baker through post can establish a binding agreement only

  回答

  (D)

  after the offeree's letter has been recieved by the offeror
• 27

  Which of the followingis a modern trend in retailing ?

  回答

  (C)

  Vending machine
• 28

  Which of the following is a traditional medium of communication used to mark festivals?

  回答

  (C)

  Talking drum
• 29

  One of the functions of the retailer is

  回答

  (B)

  provision of after - sales services
• 30

  One of the factors of determining the volume of production is

  回答

  (D)

  the number of skilled manpower
• 31

  The minimum lending rate of a bank is a component of its

  回答

  (A)

  current assets
• 32

  Which of the following is the best method for computing working capital

  回答

  (A)

  Total assets less current liabilities
• 33

  One of the functions of the Nigerian Ports Authority is that it

  回答

  (D)

  provides warehosing facilities at the docks
• 34

  An ancillary to trade which promotes socio - cultural development all over the world is

  回答

  (C)

  tourism
• 35

  An association that acts as a watchdog between enterpreneurs and government to protect trade from any unfavourable laws is said to be a

  回答

  (C)

  Chamber of Commerce
• 36

  Labour as an input in production can be motivated by

  回答

  (C)

  remuneration
• 37

  Discharging certian duties by an organization to the public to gain high patronage is a concern of ?

  回答

  (D)

  social responsibility
• 38

  Complying with the rules relating to the conduct of business activities in a country is an aspect of

  回答

  (C)

  legal environment
• 39

  Which of the following is a legal tender?

  回答

  (C)

  Bank note
• 40

  Which of the following is NOT backed by gold but by government securites?

  回答

  (A)

  Fiduciary note
• 41

  Where a manufacturer doesn't collects money from wholesalers in exchange for goods produced is referred to as

  回答

  (C)

  trade credit
• 42

  Quantity discount is offerred mainly to persuade the buyer to

  回答

  (D)

  purchase more
• 43

  The placement of workers based on their qualifications can be categorized under

  回答

  (B)

  skilled labour
• 44

  A group of computers that exchange data is referred to as

  回答

  (B)

  a network
• 45

  The form of credit sales common to low income groups is

  回答

  (C)

  booking -me -down