2007 - JAMB Commerce Past Questions and Answers - page 2
11
A major function of a entrepreneur is?
A
decision-making
B
encouraging competition
C
human-resource traning
D
motivating employees
correct option: a
Users' Answers & Comments12
A Memorandum of Association is applicable to a?
A
sole trader
B
joint company
C
partnership
D
public corporation
correct option: b
Users' Answers & Comments13
The sustainable growth of commerce is largely due to?
A
marketing
B
advertising
C
exchange
D
branding
correct option: b
Users' Answers & Comments14
A major advantage of a cooperative society is that it?
A
gives members the opportunity to unite
B
draws members closer to government
C
promotes awareness among members
D
encourages thirft among members
correct option: d
Users' Answers & Comments15
The making of doors from timber planks is a type of?
A
manufacturing
B
tertiary production
C
secondary produuction
D
primary production
correct option: c
Users' Answers & Comments16
Law-making is an example of?
A
indirect service
B
commerical occupation
C
direct service
D
industrial occupation
correct option: c
Users' Answers & Comments17
A document which advertise the shares of a company is known as a?
A
memorandum of satisfaction
B
dividend warrant
C
deed
D
prospectus
correct option: d
Users' Answers & Comments18
The creation of utilities is to satisfy human wants is referred to as?
A
production
B
consumption
C
industrialization
D
occupation
correct option: a
Users' Answers & Comments19
A major criticism of a cooperative society is?
A
limited capital
B
granting exceessive loans to members
C
selling goods on credit to non-members
D
management incompetence
correct option: d
Users' Answers & Comments20
An economic activity which deals with natural resources is a form of?
A
extraction
B
refining
C
construction
D
manufacturing
correct option: a
Users' Answers & Comments