JAMB Commerce 2012 Past Questions

One of the major benefits of commerce to government is to

An example of an activity in the construction industry is

One of the inputs in production that can be motivated by remuneration is

The allocation of tasks to different skills in a production process is referred to as

The sales of goods through a medium that accepts money and delivers the items to the customer is

The main purpose of branding is to

The basis for international trade is embedded in the principle of

The major problem encountered in international trade is that of

The document a seller uses in dispatching goods to a customer by a carrier is

A document which serves as an order with details of goods required by an intending purchaser is

If a customer pays within nine days of receiving goods and takes advantage of 3% off the invoice price, this is stated as

Which of the following is a characteristic of a bearer cheque

A bill of exchange paid before its due date at an amount less than its face value is said to have been

The most effective type of advertising for branded products is

A current account holder pays fees for services in form of

Printed messages sent by cable are recorded as

Communication is relevant to business activities because it

The right of an insurance company to stand in place of an insured against a third party , who is liable for the occurrence of a loss, is the principle of

Assurance is different from insurance in that the former is based on

A person who undertakes life insurance is said to be an

Tourism serves the purpose of

The type of letters that are delivered through the normal mail or by airmail express service is referred to as

A business organization that exploits the capabilities of a member to remedy the weaknesses of another is

The most important business objective is to

In case of a liquidation of a public limited liability company, those that are first paid are

A feature common to public and private limited liability companies is that

A business organization can obtain long term financing through

The portion of the authorized share capital given out to the public for subscription is

A company has an authorized capital of 40 million shares at N1 each, out f which 32 million are issued and fully paid-up. What happens to the remaining 8 million shares?

Given:

opening stock #1,800
purchases #2,800
sales #8,000
closing stock # 350
carriage on sales # 500

calculate the value of the unused stock.

The main objective of a trade association is to

The promotion and protection of trade industry and agriculture through trade fairs is a function of

Securities that entitle the investor to coupon rates are

Under what management function will the motivation of employees fall

The promotion of team spirit in an organization is referred to as

One of the characteristics of a good organizational chart is that it should

An organization which focuses on consumer satisfaction is practicing

Good and services are made available to consumers through

A person who in consideration for an extra commission takes responsibility for goods sold on credit and in case of default is a

Yahaya bought a piece of furniture on a credit sale agreement from Ahmed and resold it to Ali before all installments were made .The court upheld that Ahmed could not recover possession of the items from Ali. The reason for the judgement was because

The body which ensures that consumers are protected against harmful products in Nigeria is

The process of decoding data in a computer is known as

Which of the following is a type of system software

Computers that process all data as binary zeros and ones are

Modern means of payment is greatly facilitated by

The provision of quality and safe products which guarantee the health of consumers is an example of

A business organization must always consider the overall effect of its actions on the

If the rate of turnover of a company in 1999 was 4 times while the average stock was N 49,600, determine the turnover.

Dealing in quoted securities on the Nigerian Stock Exchange is restricted to authorized