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
12
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.
13
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
14
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
15
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
16
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
17
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
18
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
19
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
20
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
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