2002 - JAMB Commerce Past Questions and Answers - page 4
31
An important principle of a good organization structure is
A
ideal standard
B
span control
C
clarity of mission
D
adequacy resources
correct option: b
Users' Answers & Comments32
A company that is registered with the corporate Affairs Commission only without being enlisted on the Stock Exchange is a?
A
public liability company
B
joint venture company
C
limited company
D
registered company
correct option: d
Users' Answers & Comments33
A contract for the sale of goods involved the?
A
producer, seller and the buyer of goods
B
offering of goods to customers
C
transfering of the title to goods for money
D
exchange of goods
correct option: c
Users' Answers & Comments34
the total of share capital which a company should be allowed to issued is known as?
A
called-up capital
B
paid-up capital
C
nominal capital
D
issued capital
correct option: c
Users' Answers & Comments35
The process of mobilizing, engaging and maintaining workers to work for an organization is referred to as?
A
staffing
B
selection
C
recruitment
D
employment
correct option: a
Users' Answers & Comments36
Recognized members of the Stock Exchange who buy and sell securities on their own behalf are known as ?
A
bulls
B
jobbers
C
brokers
D
stags
correct option: b
Users' Answers & Comments37
Which of the following involves foreign trade ?
A
supermarket
B
Chain stores
C
Departmental stores
D
commodity markets
correct option: d
Users' Answers & Comments38
Which of the following is a function of employers’ associate?
A
undertaking research on behalf of employees
B
promotion of thrift in workers
C
promotion of workers'welfare
D
Dissemination of information through sponsored journals
correct option: c
Users' Answers & Comments39
Which of the following industries is normally located near the source of its raw materials?
A
Footware industry
B
Cement industry
C
Textile industry
D
Automobile assembly
correct option: b
Users' Answers & Comments40
One of the most important function of marketing is?
A
encouraging research activitiesto meets needs
B
creating classesof merchant among businessmen
C
the extension of market for businessmen
D
providing finances to business
correct option: a
Users' Answers & Comments