2015 - JAMB Commerce Past Questions and Answers - page 3

21
A direct service is rendered by
A
State counsels
B
Civil servants
C
Police
D
Family doctor
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22
The business organization established mainly for the purpose of carrying out specific assignment for a specific duration is a
A
Partnership
B
Company
C
Joint venture
D
Co-operative society
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23
Second-tier securities market differs from the first-tier securities market in that the former is
A
highly restricted
B
Regulated by SEC
C
Regulated by NIPC
D
less restricted.
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24
Inbound tourism occurs when
A
non-resident s of a country travel within it.
B
non- resident of a country travel to other countries
C
resident of a country travel within it
D
Residents of a country travel to other countries.
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25
A machine which enables sales without the physical presence of sales attendant is a
A
Telex Machine
B
Fax Machine
C
Vending Machine
D
Computer machine
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26
In a typical manufacturing enterprises, the line function is performed by the
A
Public relations department
B
Marketing Department
C
Estate or Properties Department
D
legal Department.
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27
The body regulating the sale and purchase of shares in Nigeria is the
A
Corporate affair commission
B
Securities and exchange commission
C
Securities and exchange tribunal
D
Nigerian stock exchange
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28
A memorandum of association is applicable to a
A
partnership
B
sole trader
C
joint stock company
D
public corporation
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29
An agent who takes title to goods and has authority to buy and sell on behalf of another is
A
A jobber
B
A broker
C
A factor
D
An auctioneer
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30
Resource committees into the production of relatively few commodities is known as
A
Production
B
Specialization
C
Creation manufacturing
D
Manufacturing
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