2009 - JAMB Commerce Past Questions and Answers - page 4
31
if a firm has a turnover of N50 000 and the cost of goods sold is N40 000, what is the percentage of gross profit on sale?
A
30.5%
B
20.5%
C
20.0%
D
10.0%
correct option: c
Users' Answers & Comments32
A body established to protect the interest of members against the exploitation of retail traders and manufacturers is the?
A
whloesalers' association
B
consumers association
C
government agency
D
workers' union
correct option: b
Users' Answers & Comments33
The manufacturers' Association of Nigeria is an example of a?
A
labour union
B
pressure group
C
conglomerate
D
cartel
correct option: b
Users' Answers & Comments34
The characteristics which ensures that money is free from forgery is its?
A
legality
B
durability
C
recongnition
D
credibility
correct option: a
Users' Answers & Comments35
The major dealers on the stock market are the?
A
agents
B
jobbers
C
investors
D
brokers
correct option: d
Users' Answers & Comments36
The daily official publications of the Nigeria Stock Exchange give detailed information on the?
A
changes in the official rules set by the market
B
method of transactions agreed upon by members
C
participation of members in a day
D
changes in the price of securities
correct option: c
Users' Answers & Comments37
The function which ensures that set objectives are attained by an organization is?
A
planning
B
directing
C
staffing
D
controlling
correct option: d
Users' Answers & Comments38
An organizational structure that is military in nature is the?
A
line structure
B
staff structure
C
line and staff structure
D
fnctional structure
correct option: d
Users' Answers & Comments39
The efficiency of an organization is enhanced by?
A
government assistance
B
the host community
C
customer support
D
skilled manpower
correct option: d
Users' Answers & Comments40
The concept which focuses on consumers in decision-making is?
A
selling concept
B
marketing concept
C
product concept
D
production concept
correct option: b
Users' Answers & Comments