2019 - JAMB Commerce Past Questions and Answers - page 4
A two-way process which involves sending and receiving of messages is referred to as__________
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Communication
Marketing
Transportation
Communication is the act of conveying meanings from one entity or group to another through the use of mutually understood signs, symbols, and semiotic rules. The main steps inherent to all communication are: The formation of communicative motivation or reason. Message composition. Message encoding. Wikipedia
The scope of commerce is limited to________
home and foreign trade
wholesaler and retail trade
trade and aids to trade
wholesale and entreport trade
All but one is not a demerit of advertising?
It leads to monopoly
Buyers can buy unnecessarily
Increase in profit
High cost
Advantages of pipeline transport include all except_______
Low maintenance cost
It is safe
Continuous Flow of goods
Prone to leakages
Pipeline transportation can be prone to leakages and unauthorised tapping by the people.
The factors to be considered in setting up retail trade include all except_____
Capital
Experience
Location
Age
Age is not a factor to be considered in setting up a retail trade,
A responsibility to control environmental pollution is the responsibility of____
The business
The government
The consumer
The employee
A business has a responsibility to control environmental pollution. This includes water, land, sound and air pollution arising from the business operations.
The following development of money have therefore been the use of, except______
Coins
Inconvertible paper money
Commodities
Abacus
The abacus, also called a counting frame, is a calculating tool that was in use in the ancient Near East, Europe, China, and Russia, centuries before the adoption of the written Arabic numeral system. The exact origin of the abacus is still unknown. Wikipedia
Tourism involving residents of the given country travelling only within this country is called__________
Domestic Tourism
Inbound Tourism
Outbound Tourism
Traveller's Tourism
Domestic tourism is tourism involving residents of one country travelling only within that country. Wikipedia
The headquarters of Niger Basin Commission is located at________
Abuja
Niamey
Lome
Nojamena
The NBC, which was established in Oct 1963 has its headquarters located in Niamey, Niger Republic.
A document which entitles its holder to the gods named on it, which is stored in a specific warehouse is called________
Debit note
Credit note
Warrant
Shipping note
A warrant allows the goods to be released when duties have been paid and the authority concerned issue out warehouse warrant for it. Warrants are a derivative that give the right, but not the obligation, to buy or sell a security—most commonly an equity—at a certain price before expiration. More