2019 - JAMB Commerce Past Questions and Answers - page 2
Examples of commercial occupation are all except___________
Bankers
Traders
Insurers
Goldsmith
Commercial Occupation refers to all the people involved in the distribution and exchange of goods produced by the industrial sector. Examples of commercial workers are: transporters, bankers, insurers, traders, etc.
All but one is not an output devices?
Joystick
Monitor
Plotter
Printer
An output device is any piece of computer hardware equipment which converts information into human-readable form
A self-contained chunk of code with principal aim to replies preferably undetected and to copy itself into the computer's memory and the computer's hard-disk is_________
Hardware
Software
Computer remedies
Virus
A computer virus is a type of computer program that, when executed, replicates itself by modifying other computer programs and inserting its own code. When this replication succeeds, the affected areas are then said to be "infected" with a computer virus. Wikipedia
The risks that can be forecast and measured is termed___________
Gambling
Insurable risks
Non-Insurable risks
Indenmity Insurance
Insurable risks is a risk that conforms to the norms and specifications of the insurance policy in such a way that the criterion for insurance is fulfilled
The type of insurance policy that is compulsory in International trade so that all goods passing through the sea must be covered is considered to be________
The type of insurance policy that is compulsory in International trade so that all goods passing through the sea must be covered is considered to be
Aviation Insurance
Marine Insurance
Life Assurance
Marine Insurance covers losses (or liabilities) relating to ship and their cargoes or liabilities relating to shipping and against the dangers or perils of the sea.
Thee major aim of consumer orientation is_________
consumer satisfaction
consumer sovereignty
what to produce
market research
The consumer orientation is modern marketing philosophy that guides the practicing managers to carry out marketing efforts in a manner that result into maximum consumer satisfaction. It is the concept of marketing which begins and ends with the needs and wants of the consumers rather than that of the organisation.
The policy used when contracts are awarded as a result of tender is________
market penetration
market skimming
Bid Pricing
Product Line Pricing
The bid pricing is used mostly in government contracts. If the object is to obtain the contract, the cost will be considered mainly to determine the level of Minimum Price. A bid price is the highest price that a buyer is willing to pay for goods. It is usually referred to simply as the "bid". In bid and ask, the bid price stands in contrast to the asking price or "offer", and the difference between the two is called the bid-ask spread. Wikipedia
One of these is not a major in the production process?
Producers
Distributors
Marketers
Consumers
Examples of consumer goods include all except________
Nurse
Cars
Spoon
Shoes
A final good or consumer good is a commodity that is used by the consumer to satisfy current wants or needs, rather than to produce another good. A microwave oven or a bicycle is a final good, whereas the parts purchased to manufacture it are intermediate goods. Wikipedia
The most important resources of business is_______
Human resources
Money resources
Material resources
Opportunities
The human resources plans, controls, organises and co-ordinates all other resources to achieve maximum efficiency.