2000 - JAMB Commerce Past Questions & Answers - page 1

1
The major factors that facilitate merchandising are
A
commuincation , advertising and banking
B
trading, warehousing and production
C
management, insurance, and advertising
D
banking, insurance and transportation
CORRECT OPTION: d
2
Product involves
A
making goods avaiable where and when needed
B
changing the form of goods, moving and making them avaiable as needed
C
the manufacturing of goods and provision of services
D
the assembling of all necessary parts to produce a finished product
CORRECT OPTION: b
3
The application of division of labour should generally bring about
A
increase in the quantity of goods and service
B
increase in the variety of goods and services
C
cheapness of goods and services
D
cost efficiency in the production of goods and services
CORRECT OPTION: a
4
The term Plc implies that the are available
A
to the public at the company
B
privately on the stock exchange
C
publicly on the stock exchange
D
publicly in commericial banks
CORRECT OPTION: c
5
Which of these is both merit and demerit in partnership?
A
The number of partners
B
It unlimited nature
C
The bearing of risk
D
The withdrawal of a major partner
CORRECT OPTION: a
6
The measure of independence available to the individual business unit that come together is the main different between
A
veritcal and horizontal integration
B
mergers and acquisition
C
consortium and almalgamation
D
trust and cartel
CORRECT OPTION: b
7
Government policies relating to the establishment and operation of business are targeted at
A
increasing the profit of business owners
B
the general improvement of the economy
C
even spread of facilities and employment
D
diversification and expansion of business
CORRECT OPTION: b
8
On liquidation of a public limited liability company, the residual owners are the
A
creditors
B
ordinary shareholders
C
preference shareholders
D
debenture holders
CORRECT OPTION: b
9
Bank overdraft as a short term source of fund is
A
an overdrawn account
B
granted to a newly opened account
C
repayable after more than a year
D
a current liability
CORRECT OPTION: a
10
Use the information below to answer question

What is the total fixed capital?
A
N 570,000
B
N 570,000
C
N 575,000
D
N 675,000
CORRECT OPTION: c
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