1998 - JAMB Commerce Past Questions and Answers - page 4
31
Under normal circumstances, a business enterprise can be ideally structured
A
by product, function or territories
B
around the personalities in the enterprise
C
on the ruling of the management
D
on the basis of an order from stockholders
correct option: a
Users' Answers & Comments32
EXTERNAL ENVIRONMENT INTERNAL ENVIRONMENT EXTERNAL ENVIRONMENT
Which of the following sequences can best fit into the structure above?
Which of the following sequences can best fit into the structure above?
A
People control ideals
B
Material production ideas
C
Finance marketing production
D
Material production product
correct option: d
Users' Answers & Comments33
When a business enterprise provides free service to its environment, the service is said to be a
A
civic responsibility
B
philanthropic consideration
C
social responsibility
D
political consideration
correct option: c
Users' Answers & Comments34
Inventory control is an aspect of a
A
operations research
B
materials management
C
C the organizing function
D
D span of control
correct option: b
Users' Answers & Comments35
The reduction of import duties among the members countries of ECOWAS is an example of
A
preference duties
B
preferential treatment
C
preferential tariff
D
preferential excise
correct option: c
Users' Answers & Comments36
In a common market, member countries agree basically to
A
place bans on the other countries’ product
B
wage war against other countries’ product
C
establish common barriers against countries outside the market
D
negotiate with countries outside the market for favourable terms of trade .
correct option: c
Users' Answers & Comments37
Emeka ordered goods for his retail shop. The manufacturer sells the goods at retail price of N 500 but would give it to Emeka at N 400. What kind of discount did he get?
A
Cash discount
B
Trade discount
C
Quantity discount
D
Seasonal discount.
correct option: a
Users' Answers & Comments38
Nigerian Postal Services (NIPOST) facilitates commerce in all the following ways except through
A
cash on delivery service
B
recorded delivery service
C
express service
D
free on board service
correct option: d
Users' Answers & Comments39
Which of the following contributed least to the evolution of commercial activities in Nigeria?
A
Development of banks
B
Development oftransportation
C
Development of trader's unions
D
Development of currencies
correct option: d
Users' Answers & Comments40
One of the factors which critically determines the choice of occupation is
A
traning
B
skills
C
aptitude
D
interest
correct option: b
Users' Answers & Comments