2003 - JAMB Commerce Past Questions & Answers - page 1

1
The process of dividing task into jobs and departments and of delegating authority is known as?
A
staffing
B
leading
C
directing
D
organizing
CORRECT OPTION: d
2
Communication process involves the transmission of a message over a selected channel to the?
A
receiver
B
audience
C
sender
D
encoder
CORRECT OPTION: a
3
Stimulation of demand is a kind of communication in marketing which connotes?
A
personal selling
B
sales promotion
C
advertising
D
merchandising
CORRECT OPTION: c
4
A functional structure is an organizational structure in which?
A
abstract rules are applied
B
equity prevails
C
a specialist enforces his directives
D
there is no hierarchy
CORRECT OPTION: c
5
Entrepreneurship mainly involves?
A
risk-taking
B
initiating
C
skilled manpower
D
knowledge
CORRECT OPTION: a
6
In the event of the liquidation of a company, the first to be settled are?
A
debenture holders
B
members of the board
C
preference shareholders
D
ordinary shareholders
CORRECT OPTION: a
7
The business organization established mainly for the purpose of carrying out specific assignments for a specific duration is a?
A
joint venture
B
cooperative society
C
partnership
D
company
CORRECT OPTION: a
8
Which oft these factors of production is relatively fixed in supply?
A
Capital
B
Enterpreneuer
C
Human resources
D
Natural resources
CORRECT OPTION: d
9
The location of a business is mostly influenced by?
A
market outlet
B
management decision
C
capital
D
environment
CORRECT OPTION: d
10
The evolution of commerce in Nigeria is traceable to the?
A
period of barter economy as human needs became limitless
B
desire by human beings to satify their needs through the services of other people inthe society
C
development of human civlizations and the desire to meet their needs
D
primitive stage of existence of human beings
CORRECT OPTION: b
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