2015 - JAMB Commerce Past Questions and Answers - page 2
11
A market where new shares are tracked is known as
A
Primary Market
B
Stock Exchange
C
Secondary Market
D
Money Market
correct option: a
The primary market provide avenue where companies and organization can issue new securities in order to raise fund.
Users' Answers & Comments12
The application of division of labour would generally bring about
A
Increase in quantity of goods and services
B
Increase in variety of goods and services
C
Cheapness of goods and services
D
Cost efficiency in the production of goods and series.
correct option: a
Division of labour ensure that there more hands involved in the production of a particular, commodity
Users' Answers & Comments13
The computer using linear integrated circuit technology complied with quantification of data in term of length and distance is
A
Main frame Computer
B
Digital Computer
C
Analogue Computer
D
Hybrid Computer
correct option: a
mainframe computer is the largest compute which his all the features stated above.
Users' Answers & Comments14
The internet is a system of telecommunication used for
A
Sending electronic message
B
Communicating messages through telegrams
C
Communicating long-distance
D
Sending and renewing text message
correct option: a
the devices involved in the internet are electronic devices, the internet is used for sending electronic message.
Users' Answers & Comments15
The implied provisions in every sale of goods as contained in the sale of goods act of 1893 are conditions and
A
Guaranties
B
Warranties
C
Sureties
D
Consideration
correct option: b
warranties is any stipulation which is not of such importance as to go to the root of the contract. The breach of warranties gives the other party a right to claim for damage but not to reject the contract.
Users' Answers & Comments16
Communication enhances business activities by
A
facilitating interaction between producers
B
Facilitating interaction among media houses
C
ensuring the movement of good forms the producer to the consumer
D
keeping the goods safe until they and needed
correct option: a
through communication the producer interacts with the consumer through advertising.
Users' Answers & Comments17
The effective and efficient delivery of the desired satisfaction by a firm is said to be the practice of
A
Product concept
B
Marketing concept
C
Distribution concept
D
Price concept
correct option: b
marketing concept is aimed at ensuring the satisfaction of the consumer i.e. the buyer or consumer is the vocal point in marketing
Users' Answers & Comments18
The document that gives an important freehand to obtain goods form any manufacturer is
A
A closed indent
B
A consular invoice
C
A freight note
D
An open indent
correct option: d
Are open indent allows the importer to purchase goods form any supplier since the of the producer is not specified
Users' Answers & Comments19
Company has an authorized capital of 100millon shares at N1 per share, out of which 50 million shares have been issued and fully paid-up the remaining 50 million shares have
A
Not yet been issued
B
Been applied for but not issued
C
Not been paid-up
D
Been issued but have not been paid-up
correct option: a
not of the 100 million shares, 50 million has issued and fully paid, this means that the remaining part of the shares has not been issued.
Users' Answers & Comments20
Which of the following best describes an invoice?
A
Contractual agreement for the sale of goods
B
Document specifying quantity, description, prices and total value of purchase .
C
Receipt containing necessary information about the goods.
D
Letter specifying the contractual sales of goods between two parties
correct option: b
an invoice is a document sent by the seller to the buyer showing the full details of gods sold such as quantity, description, price, discount and the total amount t o be paid.
Users' Answers & Comments