2019 - JAMB Commerce Past Questions and Answers - page 3
A business environment that take into consideration the beliefs, attitudes, needs, values and attitudes of the people is_________
Economic environment
Technological environment
Political environment
Cultural environment
An example of vertical integration is___________
Trust
Cartel
Merger
Price Ring
A company which another company is a member and control the board of directors or hold more than half of its equity is termed_______
Subsidiary
Syndicate
Holding Company
Parent company
A subsidiary, subsidiary company or daughter company is a company that is owned or controlled by another company, which is called the parent company, parent, or holding company. The subsidiary can be a company, corporation, or limited liability company. In some cases it is a government or state-owned enterprise. Wikipedia
The theory of International trade is based on_________
Principles of management
Principles of comparative cost
Principle of double entry
Theory of migration
International trade is based on the principle of comparative cost advantage which was propounded by David Ricardo in the 19th century. The basis of international trade lies in the diversity of economic resources in different countries.
A fall in the value of a country's currency vis-a-vis other currencies is known as__________
Depreciation
Reduction
Devaluation
Exchange rate
Devaluation in macroeconomics and modern monetary policy, a devaluation is an official lowering of the value of a country's currency within a fixed-exchange-rate system, in which a monetary authority formally sets a lower exchange rate of the national currency in relation to a foreign reference currency or currency basket. Wikipedia
A market is said to be bullish if_________
There is a fail in prices of Securities
There is a rise in prices of Securities
There is a rise above the offer prices
The speculator fails to deliver stock to the buyer
A 'trend' in financial markets can be defined as a direction in which the market moves. A market is said to be bullish if it is keen to buy.
One of these is not a factor affecting prices of securities?
The Forces of demand and supply
Activities of speculators
Political situation of a country
Financial statements of the company
A security is a tradable financial asset. It is an investment which is traded in the stock exchange in order to yield income.
A commission charged on postal order is__________
postal zero
postal orders
poundage
brokage
A terms of payment in which the buyer pays cash immediately for goods bought before he takes them away is called____
Prompt cash
Cash on delivery
Spot cash
Cash with order
A spot price is a price that is the current price and at which the instant delivery takes place.
A cheque that is payable to whoever presents it is known as______
order cheque
open cheque
crossed cheque
bearer cheque
Bearer cheque is payable to the bearer, that is, whoever presents it. A bearer cheque does not have any name written on it, but just the amount authorized for withdrawal.