JAMB Commerce 2013 Past Questions

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

The assembling of products into usable forms is known as

The final link in the chain of distribution is

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

Trading position of Nigeria is the same as her

The role of customs and exercise authority includes the

The document lodged with the customs authorities before a ship can leave the port is a

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

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

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

The two main forms of communication are

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

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

An importance of warehousing is in the

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

A business partner who provides capital but abstains from participation in administration of a firm is a

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

The amount of authorized capital that shareholders have subscribed to is

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?

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

In the Nigerian GSM industry,a parliament is organized by the Nigerian Communications Commission in order to

Trade fairs in Nigeria are organised by

Money is generally accepted for transactions due to

Which of the following is a quality of money

Money can be simply be referred to as a

Gilt-edged securities are issued mainly by

The initial function of a manager is

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

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

Management of a business involves the development of ideas for the

Which of the following is used as a pricing policy?

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

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

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

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

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

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

A contract can be terminated through

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

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

The physical component of a computer system is

The type of computer software used mainly for management information is

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

A major factor that affects business operations is

The environmental hazard that is most difficult to control is

A computer accessory through which information can be retrieved is the

The difference between indemnity insurance and non-indemnity insurance is that the latter provides

Use the table above to answer this question

If Mr. N takes a fire insurance policy with average clause, his compensation will be

Use the above table to answer this question

What insurance principle has Mr P Violated if he decides to overstate the actual value of his property?