2016 - JAMB Commerce Past Questions and Answers - page 2

11
A basic concept of advertising that reveals the essential message an advertiser wishes to communicate is referred to as the
A
medium
B
theme
C
targer
D
reach
correct option: a
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12
The type of wholesaler that combines selling, delivery and collection in one operation is
A
specialist wholesaler
B
rack jobber
C
drop shipment
D
truck wholesaler
correct option: d
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13
Given \(\frac{\text{index of export price}}{\text{index of import price}}\) X \(\frac{100}{1}\)

The formular above can be used to determine the
A
terms of payment
B
balance of payments
C
tearms of trade
D
import tariffs
correct option: c
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14
Commission on turnover is usually a benefit accruable to the
A
drawer
B
drawee
C
payer
D
payee
correct option: d
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15
Avast is an example of
A
a web browser
B
a search engine
C
an antivirus
D
a spread sheet
correct option: c
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16
The component of balance of payments which shows how the balance of both current and capital accounts are settled is know as
A
current account
B
monetary movement account
C
capital account
D
social-welfare account
correct option: b
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17
The act of interpreting ideas within an organization is
A
motivating
B
organizing
C
planning
D
communicating
correct option: d
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18
One of the duties of the employer to his employee is to
A
delegate his duties to others staff
B
charge the employee on the use of equipment
C
serve faithfully and honestly
D
provide job security
correct option: d
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19
The buying and selling of goods and services is referred to as
A
trading
B
marketing
C
insurance
D
advertising
correct option: a
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20
A document that serves as an instument for perferential tariff is referred to as
A
an indent
B
a certificate of origin
C
a consular invoice
D
an advice note
correct option: b
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