2014 - JAMB Commerce Past Questions and Answers - page 4

31
An agent who transacts business with the broker in the stock exchange is a
A
stag
B
bull
C
del credere
D
jobber
correct option: d
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32
A document sent by a broker to his client to confirm a purchase of sale made on his behalf is
A
delivery note
B
consignment note
C
transfer form
D
contract note
correct option: d
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33
Cum div differs from ex div in that, the later
A
entitles the purchaser to recieve a company's current dividend
B
entitles the vendor to recieve a company's current dividend
C
confirms a purchase or sale made on behalf of a share holder
D
is a document used to transfer ownership of shares
correct option: a
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34
The payment made by a speculator to the buyer when he is unable to deliver stocks on the agreed date is
A
arbitage
B
franco
C
contango
D
backwardation
correct option: d
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35
Which of the following regulates and controls the activities in the Nigerian Stock Exchange?
A
BPE
B
SEC
C
NDIC
D
CBN
correct option: b
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36
The principle of management that emphasizes on the number of subordinates under the direct supervision of a manager is
A
span of control
B
unity of command
C
scalar chain
D
unity of direction
correct option: a
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37
Marketing differs from selling in that,the latter only creates
A
possession utility
B
marginal utility
C
form utility
D
place utility
correct option: a
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38
A business that focuses attention on the quality of the goods produced by precisely knowing what the consumers desire is said to be operation the
A
product mix
B
promotion mix
C
marketing concept
D
product orientation.
correct option: c
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39
The physical and psychological satisfaction a customer derives from the purchase of goods and services is
A
price mix
B
product mix
C
marketing mix
D
promotion mix
correct option: c
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40
Which of the following aspects of marketing stimulates buying by providing free gifts
A
a personal selling
B
sales promotion
C
advertising
D
publicity
correct option: b
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