2008 - JAMB Commerce Past Questions & Answers - page 1

1
A document sent by a seller to inform a buyer about the prices of goods is the?
A
catalogue
B
price list
C
credit note
D
proforma invoice
CORRECT OPTION: b
2
When 'FOB' is written on a document, it implies that the buyer bears the?
A
cost of goods and advert
B
loading costs and insurance
C
insurance and transport costs
D
transport and communication costs
CORRECT OPTION: c
3
A crossed cheque with the inscription 'not negotiable' must be paid into the?
A
current account of the drawer
B
current account of the payee
C
savings account of the payee
D
fixed account of the payee
CORRECT OPTION: b
4
The pooling of business information for the benefit of members s is a major function of a?
A
pressure group
B
trade association
C
cultural group
D
trade union
CORRECT OPTION: b
5
An association to which all chambers of commerce in Nigeria are affiliated is the?
A
Nigeria Labour Congress
B
National Association of Chambers of commerce, industry, Mines and Agriculture
C
Nigeria Association of Chambers of commerce, industry, Mines and Agriculture
D
Nigeria Stock Exchange
CORRECT OPTION: c
6
The resources which are necessary for business development include?
A
manufacturing , materials mentors and money
B
merchant, materials, mentors and money
C
man, money, materials and machines
D
machines, manufacturing , money and materials
CORRECT OPTION: c
7
The four Ps of marketing are?
A
product, place , process and promotion
B
price, product, properrty and place
C
price, product, place and promotion
D
price, production , place and property
CORRECT OPTION: c
8
Personal selling is used for the purpose of?
A
establishing the company
B
providing information
C
creating product awareness
D
given financial assistance
CORRECT OPTION: c
9
Ships used for international transport are?
A
trawelers
B
yachets
C
ocean liners
D
launchers
CORRECT OPTION: c
10
A function generally performed by authorities of both the air and seaport is the?
A
maintance of warehouse where goods can be stored
B
provision of facilities for loading and unloading of cargoes
C
maintenance of security and order at the ports
D
provision of facilities for landing and refuelling at the ports
CORRECT OPTION: d
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