2023 - JAMB Commerce Past Questions and Answers - page 6
51
The type of activity which turns processed raw materials into consumer and industrial goods is described as
A
extractive
B
processing
C
constructive
D
manufacturing
52
Which of the following regulates and controls the activities in the Nigerian Stock Exchange?
A
CBN
B
BPE
C
SEC
D
NDIC
53
The function of commerce in relation to production is
A
helping in the extraction of raw materials from nature
B
yielding result
C
providing a link between the different stage of conversion of good
D
satisfying
54
Which is the fastes means of transportation?
A
road
B
air
C
rail
D
water
55
The document that explains the types of shares available for sale to the public is
A
a prospectus
B
an invoice
C
closed indent
D
an open indent
56
A major objective of all business resources is
A
human relation
B
profit making
C
public relation
D
profit sharing
57
Risk bearing in business organisation is a function of the
A
manager
B
employee
C
entrepreneur
D
customers
58
An advantage of division of labour is
A
productivity and total output is increased
B
monopoly od task is eliminated
C
interdependence of workers increase remuneration
D
loss of individual craftmanship is minimized
59
One disadvantages of advertising is that it
A
could be misleading
B
decreases sales
C
reduces profit
D
causes over stocking
60
A factor necessary for siting of a warehouse is nearness to
A
labour
B
consumers
C
capital
D
raw materials
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