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
correct option: d
Option D is the correct answer because a family doctor is rendering a private service to the family and paid for by the family. Options A, B and C are not correct because the service they rendered is paid for by the government from taxes paid by member of the public
Users' Answers & Comments22
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
correct option: c
Option C is the correct because joint ventures are established in order to accomplishment a specific purpose after the ventures cease to operate ones the purpose is accomplished.
Users' Answers & Comments23
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.
correct option: a
of the strongest condition attached to the quoting of shares of compares under the first-tier securities market is very strict.
Users' Answers & Comments24
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.
correct option: c
it involves the movement of tourist within their country of residence tourist resident in Nigeria for instance travelling within.
Users' Answers & Comments25
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
correct option: c
the vending machine is a retails machine that release the product to the tune of the amount of money slotted into the machine and the product indicated by the consumer.
Users' Answers & Comments26
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.
correct option: b
the marketing department does public relations i.e the public relations department is part of the marketing department
Users' Answers & Comments27
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
correct option: b
the securities and exchange commission is the regulatory apex organization of the Nigerian capital market.
Users' Answers & Comments28
A memorandum of association is applicable to a
A
partnership
B
sole trader
C
joint stock company
D
public corporation
correct option: c
it is joint stock Company that prepare memorandum of association during the course of registering the company it is also known as Limited Liability Company.
Users' Answers & Comments29
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
correct option: a
As a jobber takes title to the goods and has authority to buy and sell or behalf of another
Users' Answers & Comments30
Resource committees into the production of relatively few commodities is known as
A
Production
B
Specialization
C
Creation manufacturing
D
Manufacturing
correct option: b
Specialization is the act of concentrating resources and efforts into the production of relatively few commodities by an individual, firm or a country
Users' Answers & Comments