1999 - JAMB Commerce Past Questions and Answers - page 5
41
One major disadvantage of a cartel is that it
A
maximizes productive efficiency
B
brings the merging firms under control
C
maximizes profit from operation
D
eliminate competitions and waste
correct option: d
Users' Answers & Comments42
Staff position in an organization borders on
A
authority
B
advice
C
responsibility
D
control
correct option: c
Users' Answers & Comments43
The line function in a typical manufacturing enterprise is normally performed by the
A
public relations department
B
estate or properties department
C
marketing department
D
legal department
correct option: c
Users' Answers & Comments44
(i)Money and machines (ii) Materials and Money (iii)Market and Man.
Which combination of the above are basic requirement as business resource?
Which combination of the above are basic requirement as business resource?
A
i and ii
B
ii and iii
C
i and iv
D
ii and iv
correct option: b
Users' Answers & Comments45
Under what management function would the motivation employees fall?
A
Staffing
B
Controlling
C
Organizing
D
Directing
correct option: a
Users' Answers & Comments46
The main thrust of government policy of evolving good business environment in Nigeria is the need
A
to attract local and foreign investors
B
for more export commodities
C
for consumer oriented products
D
to have viable local markets
correct option: a
Users' Answers & Comments47
Which of these sets of external environmental factors affects a business operation?
A
Competition, industry operation
B
Competition, labour and political
C
Political, cultural and labour
D
Economic, social and legal
correct option: d
Users' Answers & Comments48
The right of the public to protection against questionable products and marketing practices is
A
an economic aspect of the business
B
a social responsibility of business
C
a legal aspect of the business
D
a political aspect of the business
correct option: c
Users' Answers & Comments49
Which of the following group of countries are members of the Niger Basin Commission?
A
The republic of Guinea, Burkina Faso and Nigeria
B
Ghana, liberia, and the republic of Benin
C
Mali, Liberia and Nigeria
D
Ghana , Burkina Faso and Chad
correct option: a
Users' Answers & Comments50
The proposed monetary integration within ECOWAS sub-region has the overriding benefit of a
A
improved exchange
B
enhanced trade
C
enhance development
D
improved relations
correct option: b
Users' Answers & Comments