2019 - JAMB Commerce Past Questions and Answers - page 7
61
Which of these is not a merit of division of labour
A
results in specialization
B
brings about an element of automation
C
Training in new jobs is facilitated
D
Creates monotony in the worktask
62
The function of management that establish objectives for the organization and trying to determine the best ways to accomplish them
A
organizing
B
planning
C
directing
D
controlling
63
The provision of qualified managerial and other skilled personnel for an enterprise is called
A
Directing
B
Controlling
C
Planning
D
Staffing
64
A number of shipping lines operating on a certain route, which agree on a common policy regarding the conditions under which goods are to be carried
A
Cartel
B
Conference
C
Syndicate
D
Trust
65
The difference between a chamber of commerce and a trade association is that the former
A
is not restricted to a particular industry
B
is a branch of trade that sells product
C
consists of members engaged in the same trade
D
are association of individuals or firms
66
Which of these is a document used in International trade?
A
Debit note
B
Credit note
C
Invoice
D
Price ring
67
All but one is not a barriers to foreign trade
A
Natural Barriers
B
Economic Barriers
C
Social and Language Barriers
D
Trade Fair
68
The difference between the buying price and the selling price of a share is referred to as
A
Commission
B
Profit
C
Jobber's Profit
D
Turnover
69
A bear market is said to be in existence in a period of
A
Boom
B
Stump
C
Bullish
D
Stagflation
70
Use the following information to answer this question.
Oladosu Bookshop
54, Ahmadu Bello Way
Kaduna
P.O.BOOX 336
6 January 1989
Olu Stationery ltd
17, Kakawa Street
Lagos
Dear Sir,
We require 200 pieces of 0.8mm fountain pens and 1000 pieces of plain single line 21cm × 18cm exercise books.
Please give us quotes for the respective articles for immediate delivery and a statement of your terms of trade.
Yours Faithfully
Manager.
The above represents?
A
A quotation
B
Consignment notes
C
Letters of Inquiry
D
An order form
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