2020 - JAMB Commerce Past Questions and Answers - page 4
31
A computer component that decodes and interprets instructions and also directs program implementation is?
A
memory unit
B
central processing unit
C
control unit
D
system unit
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32
When 'FOB' is written on a document, it implies that the buyer bears the?
A
cost of goods and advert
B
loading costs and insurance
C
insurance and transport costs
D
transport and communication costs
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33
Resources harnessed in certain proportion to create goods and services are?
A
factors of production
B
technology and labour
C
land and entrepreneur
D
raw materials
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34
The financial instrument that entitles the holder to receive dividend and capital gains is a?
A
share
B
bond
C
bill of exchange
D
treasury bill
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35
The direct authority of a superior over his subordinate is known as
A
staff authority
B
line authority
C
line and staff authority
D
office authority
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36
A public limited company can raise long-term loans through
A
the capital market
B
the money market
C
bank overdrafts
D
discount houses
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37
Advantages of pipeline transport include all except_______
A
Low maintenance cost
B
It is safe
C
Continuous Flow of goods
D
Prone to leakages
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38
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
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39
Trade fairs in Nigeria are organised by
A
the Federal Government
B
Manufacturers'' Association of Nigeria
C
Ministry of Commerce and Industry
D
Chambers of Commerce
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40
The essential utility derived from the use of a product is known as
A
augmented benefit
B
branded benefit
C
core benefit
D
formal benefit
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