2002 - JAMB Commerce Past Questions and Answers - page 5
41
Securities on which the buyers are not issued with certificate are called?
A
authorized securities
B
inscribed securities
C
bearer securities
D
registered securities
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42
In product pricing, which of this element needs more consideration than others?
A
the demand for the product
B
the demography of the buyers of the product
C
the economic conditions in the markkets
D
the cost of producing the product
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43
The principal objectives of the Central Bank of Nigeria can be classified broadly into?
A
bankers' bank lender of last resort and issuance of currency
B
service, currency management and financial intermediation
C
banking services, foreign exchange operations and open markets operations
D
service, monetary policy and developmental functions
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44
The letters E and OE stand for?
A
errors of exception
B
errors and omissions expected
C
estimate and order error
D
end of error
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45
An important issue for consideration in the product element of the marketing mix is the?
A
adequate of the peroduct
B
channel of diistribution of the product
C
price of the product
D
planing and development of the product
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46
A group of companies is a collection of?
A
subsidiaries and their holding company
B
firms
C
associates and their holding company
D
industries
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47
Which of the following is an example of trade associations?
A
European Union
B
National Marketing Board
C
Organization of African Unity
D
National Farmers' Council
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48
which of the following is an determines the quality of goods and that a retailer sells?
A
the mode of contract of sales
B
the type of manufacturer
C
the regulations regarding sales in the area
D
the location of his shop
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49
An advantage of hire purchase to the consumer is the?
A
economies of scale in production
B
possession of goods before payment
C
increase in turnover and profit
D
low interest rate chargeable
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50
The founders ‘share are usually referred to as deferred shares because the holders?
A
are entitled to cumulative dividends
B
receive theirdividends after other shareholders
C
receive their diviends before shareholders
D
are not entitled to any dividends
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