JAMB Commerce 1999 Past Questions

The conversion of raw material into finished products creates

Commerce makes it possible for man to live in a

Use the information below to answer questions 3 and 4.
Aboki Plc, became the insolvent and decided to wind up to meet the legitimate claims of its creditors.
Babalawee was called in to manage the dissolution.

after paying the debts of aboki Plc, the balance goes to?

Use this information to answer the question below.
Aboki Plc became insolvent and decided to wind up to meet the legitimate claims of its creditors. Babalawee was called in to manage the dissolution.

Babalawee is ___________?

A common requirement for public and private limited companies in Nigeria is that

The primary motive behind an individual engaging in production is to?

Musa obtains wool from his sheep, spins and transforms it into cloth which he sells to consumers. This is a form of

A company has an authorized capital of 40 million shares at N1 per share, out of which 32 million shares have been issued and fully paid-up. The remaining 8 million shares have

An abridged version of a company's income statement for 11993 contains the following information:
N
Turnover 286.5
cost of goods sold 147.5
overhead and other expenses 85.5
Taxes due for the year 26.9

What was the company's profit before tax for 1993?

A business whose owners enjoys loan facilities on the basis of personal goodwill is a?

Which of the following is not a veritable source of funds to a public limited company?

Use the document below to answer question

Okon Etim Esin is the?

The document represents a

The term ‘5 Net 7’ on an invoice means that?

Kabir receives two quotations. Ade quotes N 100 less 20% trade discount and 20% cash discount while Benson N100 less 30%trade discount and 10% cash discount. If Kabir wants to take advantage and cash discount, then

A company which issues a promissory note in lieu of payment for goods purchased

Kamaldeen is a seller in a hire-purchase agreement with Emeka. By law, Kamaldeen cannot recover the hire purchased goods. This is an instance of a restriction on

The main document sent to an importer of goods by the exporter are?

The document that indicate instant payment of cash for goods whenever the are delivered is

Which of the following document permit an importer to inspect his goods before the arrival of the bill of lading?

The overriding advantage of home trade over foreign trade is

A distinction between Comprehensive insurance and Thrid party Insurance is that the latter covers damages

The rate at which a central bank discount first class bills is called the

The principle of subrogation states that

Tolu purchase goods from Yemisi and is to pay custom duties before collection. The goods are likely to be collected from.

The three major function unit which the modern computer has are

(i)Foreign investment (ii)Long term lending (iii) Short-term borrowing. Which combination of the above include capital account in international trade?

The elimination of fault in a computer programme is called?

Aliyu bought 100 shares at the stock market through a stockbroker. He was told the price each share was N3 cum. div. This means that Aliyu

The forum for the selling and of buying of securities of small and medium companies is called

A wholesaler dealer in securities is known as a

Modern business philosophy emphasizes

The main role of advertising is to

The concept of limiting types, sizes and other characteristics of a product line without sacrificing utility or durability is called

The focal point of the marketing efforts is the`

Adigun displays goods of different makes on shelves in his supermarket. This is an example of

The process of bringing a company under exclusive state ownership and control is know as

Q,act as an agent of P, lawfully and reasonably incur the amount of N350 as expenses.If Q comes to P, for payment , this is an instance of P'S duty to

In a hire purchase agreement between Argungu Ltd and Maikudi, Argungu Ltd inserted provision that it can enter Maikudi’s premises at any time and remove the hired vehicle for any breach. This provision is

In every simple contract, the price which is paid to purchase a promise is called

One major disadvantage of a cartel is that it

Staff position in an organization borders on

The line function in a typical manufacturing enterprise is normally performed by the

(i)Money and machines (ii) Materials and Money (iii)Market and Man.
Which combination of the above are basic requirement as business resource?

Under what management function would the motivation employees fall?

The main thrust of government policy of evolving good business environment in Nigeria is the need

Which of these sets of external environmental factors affects a business operation?

The right of the public to protection against questionable products and marketing practices is

Which of the following group of countries are members of the Niger Basin Commission?

The proposed monetary integration within ECOWAS sub-region has the overriding benefit of a