2020 - JAMB Commerce Past Questions and Answers - page 2

11
The process of converting a non-profit making organisation to a profit-making business is ________?
A
indigenisation
B
privatisation
C
deregulation
D
commercialisation
correct option: b
This is the process of transferring a government owned business to a private owner.
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12
The process of buying and selling and distribution of goods and services is ______
A
retail trade
B
commerce
C
marketing concept
D
marketing
correct option: b
It is the study of production, distribution and exchange of goods and services aimed at satisfying human wants.
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13
A document that indicates obligation that is transferable by delivery and endorsement is a?
A
bill of lading
B
bill of exchange
C
documentary evidence
D
negotiable instrument
correct option: a
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14
A cheque that has been drawn but not presented for payment can still be honored?
A
wintin 6 months
B
after 9 months
C
within 9 months
D
after 6 months
correct option: a
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15
In a hire purchase agreement between Argungu Ltd and Maikudi, Argungu Ltd inserted provision that it can enter Maikudi’s premises at any time and remove the hired vehicle for any breach. This provision is
A
lawful to both
B
unlawful to both
C
beneficial to both
D
detrimental to both
correct option: a
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16
The primary motive behind an individual engaging in production is to?
A
fully engaged all the factors of production
B
make available goods and services
C
meets projected profit
D
meet basic human needs
correct option: c
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17
The management function that makes the difference in intensity of behavior is?
A
coordinating
B
controlling
C
motivation
D
planning
correct option: c
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18
The most widely used computer language that focuses on solving science-oriented problems is?
A
FORTRAN
B
BASIC
C
ADA
D
COBOL
correct option: a
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19
A Digital Versatile Disk is an example of a
A
transmission control protocol
B
microprocessor
C
file transfer protocol
D
computer storage device
correct option: d
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20
Marketing differs from selling in that,the latter only creates
A
possession utility
B
marginal utility
C
form utility
D
place utility
correct option: a
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