2018 - JAMB Commerce Past Questions and Answers - page 2
From which of the following sources can partnership increase their capital?
Admission of new partners in a business can be a major source of raising more capital for the business.
One of the disadvantages of rail transport is
Disadvantages of rail transportation include:
Lack of Flexibility, Lack of Door to Door Service, Monopoly, Unsuitable for Short Distance and Small Loads, Booking Formalities, No Rural Service, Under-utilized Capacity
there is lack of flexibility in rail transportation
The Central Bank Monetary policy instrument by which it buys and sells securities is called
Open market operations (OMO) refer to the buying and selling of government securities in the open market in order to expand or contract the amount of money in the banking system.
Open Market Operations. Definition: The Open Market Operations refers to the sale and purchase of government securities and treasury bills by the central bank of the country with a view to regulate the supply of money in the economy.
The duties paid on goods produced locally is
A title, symbol, or design that distinguishes a company is called
A trademark, trade mark, or trade-mark is a recognizable sign, design, or expression which identifies products or services of a particular source from those of others
trademark is a symbol, word, or words legally registered or established by use as representing a company or product.
The board of directors of public enterprise is appointed by who?
Shareholders of the enterprise elect the Board of Directors. A board of directors (B of D) is a group of individuals, elected to represent shareholders.
The factors which critically determines the choice of occupation is
Bank overdraft as a short term source of fund is
An overdraft occurs when money is withdrawn from a bank account and the available balance goes below zero. In this situation the account is said to be "overdrawn
Current liabilities are a company's debts or obligations that are due within one year or within a normal operating cycle, example is overdraft
Which of the following has power to order withdrawal of a particular food item from circulation?
In Nigeria, the ministry in charge of registering trade association is that of
The Ministry of commerce also provides Geological Services for Industrial and Commercial, Registration of Trade Groups and artisans and Export promotion.