2016 - JAMB Commerce Past Questions & Answers - page 1

1
The cost which is incurred asa result of failure to load or unload a ship at the ports within a specified period is referred to as
A
demurrage charges
B
premium charges
C
excess charges
D
trade charges
CORRECT OPTION: a
2
The process whereby a firm directs its marketing efforts towards a single market by the use of a particular marketing mix isreferred to as
A
concentration segmentation
B
market concept
C
consumer orientation
D
market penetration
CORRECT OPTION: d
3
The function of money that is mostly affected by inflation is
A
store of value
B
medium of exchange
C
measure of value
D
unit of account
CORRECT OPTION: a
4
Ordianry warehouse is usually owned and used by
A
government
B
agents
C
retailers
D
wholesalers
CORRECT OPTION: d
5
The winding up of a firm by a resolution of its shareholders is an example of
A
voluntary liquidation
B
bankruptcy
C
recession
D
involuntary liquidation
CORRECT OPTION: a
6
Which of the following is used for temporary storage of data on a computer?
A
RAM
B
ROM
C
Floppy disk
D
flash drive
CORRECT OPTION: a
7
An advantage of the Second-Tier Securities Market to an economy is in
A
creating avenues for investment
B
regulating competition amongst companies
C
granting financial assistance to consumers
D
increasing companies profit margins
CORRECT OPTION: a
8
The lumbering of trees by a furniture company is an example of
A
primary production
B
secondary production
C
tertiary production
D
direct production
CORRECT OPTION: a
9
Which of the following types of occupation involues services that can be referred to as auxiliaries trade?
A
Constructive occupation
B
Manufacturing occupation
C
Industrial occupation
D
Commercial occupation
CORRECT OPTION: d
10
The transformation of cotton into clothings is an example of
A
secondary production
B
tertiary production
C
primary production
D
direct production
CORRECT OPTION: a
Pages: