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
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32
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
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33
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
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34
Inventory control is an aspect of a
A
operations research
B
materials management
C
C the organizing function
D
D span of control
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35
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
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36
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 .
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37
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.
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38
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
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39
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
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40
One of the factors which critically determines the choice of occupation is
A
traning
B
skills
C
aptitude
D
interest
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