2013 - JAMB Commerce Past Questions and Answers - page 2

11
To meet security requirements before gaining access to data, a computer operator supplies
A
an e-mail address
B
a yahoo address
C
a password
D
a modem
correct option: c
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12
A major factor that affects business operations is
A
technology
B
supply
C
product
D
rivalry
correct option: a
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13
The environmental hazard that is most difficult to control is
A
land pollution
B
water pollution
C
air pollution
D
political unrest
correct option: c
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14
A computer accessory through which information can be retrieved is the
A
hard disk
B
input device
C
control unit
D
floppy disk
correct option: d
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15
The difference between indemnity insurance and non-indemnity insurance is that the latter provides
A
cover for exporters against risks
B
cover for importers against risks
C
full payment to the insured
D
consolation payment to the insured
correct option: d
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16
Use the table above to answer this question

If Mr. N takes a fire insurance policy with average clause, his compensation will be
A
N 5000
B
N 7, 500
C
N 70, 000
D
N 75, 000
correct option: b
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17
Use the above table to answer this question

What insurance principle has Mr P Violated if he decides to overstate the actual value of his property?
A
Indemnity
B
Insurable interest
C
Uberrimae fidei
D
Subrogation
correct option: c
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18
The type of labour that makes use of physical effort in production processes is the
A
unskilled labour
B
skilled labour
C
blue-collar job
D
white-collar job
correct option: a
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19
The assembling of products into usable forms is known as
A
creation
B
manufacturing
C
construction
D
formation
correct option: c
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20
The final link in the chain of distribution is
A
middlemen
B
whole saling
C
consumer
D
retailing
correct option: c
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