2006 - JAMB Commerce Past Questions and Answers - page 3
21
Capital to a business is technically?
A
an expense
B
availiability of local market
C
an assets
D
a porfit
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22
i. Wholesaler
ii. Fishing
iii. Canning
iv. Retailing
The sequence in which the occupational activities above are performed is?
ii. Fishing
iii. Canning
iv. Retailing
The sequence in which the occupational activities above are performed is?
A
iii, ii, i and iv
B
iii, i, iv and ii
C
i, ii, iii and iv
D
ii, iii, i and iv
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23
The development of commerce resulted from?
A
trading
B
competition
C
importation
D
specialization
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24
The difference between a private and public limited liability company is that the former?
A
is unable to offer shares to the public
B
is unable to declare and pay dividend
C
has a higher number of shareholders
D
pays higher salaries to its managers
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25
Materials used for further production of goods and services are known as?
A
export goods
B
intermediate goods
C
capital goods
D
consumer goods
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26
A liquidator's fee is to be charged to the?
A
realization account
B
trading account
C
revaluation account
D
reconstruction account
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27
The safety and quality of products are the social responsibility of?
A
the Standards Organization of Nigeria
B
the Manufacturers' Association of Nigeria
C
the Corporate Affairs Commission
D
business organizations
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28
A feature common to privatization and commercialization is?
A
profit-making
B
credit sales
C
market expansion
D
price increases
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29
A protection right which can be reviewed or renewed after seven years is known as?
A
patent
B
design
C
registration name
D
trade mark
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30
The headquarters of the lake Chad Basin Commission is in?
A
Niamey
B
N'Djamena
C
Abuja
D
Lagos
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