2013 - JAMB Commerce Past Questions and Answers - page 5
41
Which of the following is a quality of money
A
Availability
B
Scarcity
C
Indivisibility
D
Convertibility
correct option: a
Users' Answers & Comments42
Money can be simply be referred to as a
A
measure of value
B
standard of value
C
means of settlement
D
durable asset for doing business
correct option: a
Users' Answers & Comments43
Gilt-edged securities are issued mainly by
A
individuals
B
non-governmental organisations
C
Government
D
multi-national companies
correct option: c
Users' Answers & Comments44
The initial function of a manager is
A
setting up an organisation
B
coordinating
C
planning
D
provision of welfare package
correct option: b
Users' Answers & Comments45
The most suitable organizational structure for small or medium sized enterprises is
A
line structure
B
staff structure
C
committee structure
D
functional structure
correct option: a
Users' Answers & Comments46
In a staff-authority relationship, the opinion of a specialist in one department to another is
A
a directive
B
an advice
C
a command
D
a delegation
correct option: b
Users' Answers & Comments47
Management of a business involves the development of ideas for the
A
distribution of goods and services that human wants
B
transportation of goods and services that human wants
C
transfer of title of ownership of goodsand services to individuals
D
production of goods and services that satisfy human needs
correct option: d
Users' Answers & Comments48
Which of the following is used as a pricing policy?
A
Packaging
B
Market selection
C
Labelling
D
Market skimming
correct option: d
Users' Answers & Comments49
The essential utility derived from the use of a product is known as
A
augmented benefit
B
branded benefit
C
core benefit
D
formal benefit
correct option: c
Users' Answers & Comments