2004 - JAMB Commerce Past Questions and Answers - page 4
31
The strategy adopted by a firm that ceases to operate at one or more locations because of inactivity is?
A
rejuvenation
B
focus
C
diversification
D
consolidation
correct option: c
Users' Answers & Comments32
A written partnership contract is known as?
A
an invoice
B
a deed
C
a prospectus
D
a proposal
correct option: b
Users' Answers & Comments33
The merger of a textile mill, a cement company and a tannery is referred to as?
A
conglomerate merger
B
horizontal merger
C
lateral merger
D
vertiical merger
correct option: b
Users' Answers & Comments34
The most important function of commerce is?
A
helping people to improve thir profits
B
facilitaing exchanges among indiviuals and firms
C
assisting trade through banking and insurance
D
enhancing business relationships
correct option: b
Users' Answers & Comments35
The acronym PLC is used to identify a?
A
company limited by shares
B
private company limited by shares
C
public company limited by shares
D
company limited by guarantee
correct option: c
Users' Answers & Comments36
Commerce includes all the occupations concerned with?
A
sales
B
production
C
marketing
D
distribution
correct option: d
Users' Answers & Comments37
Factors of production can be described as the?
A
resources required for the provision of goods and services
B
skills involves in deciding and directing the flow of goods
C
monetary tools employed by government to ensure stable production
D
elements involved in the process of formulating policies on production
correct option: a
Users' Answers & Comments38
Fluctuations in the supply of goods may be eliminated if the distribution system maintains?
A
modern technology
B
a team of retailers
C
warehouse services
D
sufficient middlemen
correct option: a
Users' Answers & Comments39
Loan schemes by thrift societies are?
A
mortage schemes
B
conventional schemes
C
mutual schemes
D
unconventional schemes
correct option: c
Users' Answers & Comments40
An internal demand for goods to be purchased or drawn from stock is?
A
a quoation
B
a requisition
C
a tender
D
an order
correct option: b
Users' Answers & Comments