2003 - JAMB Commerce Past Questions and Answers - page 2
11
One of the requirements necessary for setting up a business is?
A
registration
B
advertisement
C
knowledge of the business
D
documentation
correct option: c
Users' Answers & Comments12
The assembling of products into usable forms is known as?
A
construction
B
manufacturing
C
formation
D
creation
correct option: a
Users' Answers & Comments13
The government policy thrust on the business environment is to?
A
promote experts
B
attract investors
C
be self-sufficient
D
increase production
correct option: b
Users' Answers & Comments14
The act of a person employing another to enter into a contract on his behalf is known as?
A
business
B
sale of goods
C
bilateral agreement
D
agency
correct option: d
Users' Answers & Comments15
Social responsibility of an organization to?
A
tackle the socio-economic problem of its community
B
meet the needs of its community
C
contribute to sustaining and developing its community
D
operate without disrupting the very essence of the enviroment
correct option: c
Users' Answers & Comments16
The ECOBANK is the initiative of?
A
some well-meaning Nigerian shareholders
B
the Federal Government of Nigeria
C
West African states tto foster trade
D
the Lagos State Governement to enhance capital mobilization
correct option: c
Users' Answers & Comments17
Privatization is concerned with?
A
equal ownership between the public and the governement
B
thje dilution of ownership among the public
C
the individual ownership of companies
D
governement ownership of companies
correct option: c
Users' Answers & Comments18
Electronic computers differ and minimize errors in a?
A
faster and more accurate manner
B
more organized manner
C
faster but less accurate manner
D
slower but more accurate manner
correct option: a
Users' Answers & Comments19
A major benefit derivable from the privatization and commercialization of public enterprises in Nigeria is?
A
increase in wages
B
employment generation
C
information technology
D
revenue generation
correct option: d
Users' Answers & Comments20
The device which interprets and carries out the instructions presented to it by the computer program is known as?
A
software
B
microprocessor
C
mouse
D
hard-disk
correct option: b
Users' Answers & Comments