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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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