2019 - JAMB Commerce Past Questions and Answers - page 7
Which of these is not a merit of division of labour
results in specialization
brings about an element of automation
Training in new jobs is facilitated
Creates monotony in the worktask
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The function of management that establish objectives for the organization and trying to determine the best ways to accomplish them
organizing
planning
directing
controlling
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The provision of qualified managerial and other skilled personnel for an enterprise is called
Directing
Controlling
Planning
Staffing
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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
Cartel
Conference
Syndicate
Trust
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The difference between a chamber of commerce and a trade association is that the former
is not restricted to a particular industry
is a branch of trade that sells product
consists of members engaged in the same trade
are association of individuals or firms
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Which of these is a document used in International trade?
Debit note
Credit note
Invoice
Price ring
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All but one is not a barriers to foreign trade
Natural Barriers
Economic Barriers
Social and Language Barriers
Trade Fair
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The difference between the buying price and the selling price of a share is referred to as
Commission
Profit
Jobber's Profit
Turnover
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A bear market is said to be in existence in a period of
Boom
Stump
Bullish
Stagflation
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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 quotation
Consignment notes
Letters of Inquiry
An order form
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