JAMB Commerce 2004 Past Questions

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

Non-insurable risk include?

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

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

Coverage against unexpected events is called?

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

Communication enhances business activities by?

In business, the computer is very important especially in?

What is the most important use of promotion in marketing?

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

The members of the Niger Basin Commission include?

Business environment refers to all elements that are?

Consumer rights include the right to?

One important requirement for the membership of the ECOWAS is?

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

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

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

One of the advantages of commercialization is that it?

A common element in all contracts is?

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

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

In a primary market, new shares are issued through?

The instruments of credit includes?

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

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

In international trade, documentary credit is also known as?

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

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

Authorized share capital is also known as?

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

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

A written partnership contract is known as?

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

The most important function of commerce is?

The acronym PLC is used to identify a?

Commerce includes all the occupations concerned with?

Factors of production can be described as the?

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

Loan schemes by thrift societies are?

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

The term 4 net 7 on an invoice means that?

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

Organizing trade fairs in Nigeria is the responsibility of?

International trade takes place as a result of?

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

Manufacturers' Association of Nigeria contributes to development by advising the government on?

Discounts offered by firms to middlemen for bulk purchases are?

Goods are of merchantable quality if they?

Use the diagram above to answer the question

As the branches indicate, IV is

Use the diagram above to answer questions

What does V represent?