JAMB Commerce 2019

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JAMB Commerce 2019

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1 / 80

First Bank of Nigeria is an example of

2 / 80

The provision of qualified managerial and other skilled personnel for an enterprise is called

3 / 80

In a law of contract, what is given in exchange for a promise to perform is_____

4 / 80

A memory that can be read and write and is volatile is known as

5 / 80

In Nigeria, it is mandatory for all business enterprises to be registered with the________

6 / 80

The scope of commerce is limited to________

7 / 80

The risks that can be forecast and measured is termed___________

8 / 80

A commission charged on postal order is__________

9 / 80

A two-way process which involves sending and receiving of messages is referred to as__________

10 / 80

The factors to be considered in setting up retail trade include all except_____

11 / 80

The theory of International trade is based on_________

12 / 80

Tourism involving residents of the given country travelling only within this country is called__________

13 / 80

A terms of payment in which the buyer pays cash immediately for goods bought before he takes them away is called____

14 / 80

A document that embody the conditions and exceptions attached to the contract is

15 / 80

All but one is not a demerit of advertising?

16 / 80

Use this information to answer this question. Below is the trading, profit and loss Account particulars of Amadi peterside and Brothers for the year ended 31st December 1986.

Opening stock
Purchase
1000
7000
Sales 8000
Closing Stock 3000

Trading Expenses

Electricity
Salaries
Rent
Depreciations

135
875
180
210

From the figures given, calculate

Net profit

17 / 80

An abridged message sent at express speed to reach its destination faster than the airmail letters is known as

18 / 80

The difference between Articles of association and memorandum of Association is that the latter deals

19 / 80

The basic characteristics of co-operative society include all except one

20 / 80

A fall in the value of a country's currency vis-a-vis other currencies is known as__________

21 / 80

You have just bought a new car. What Insurance policy will you take to cover it?

22 / 80

An example of vertical integration is___________

23 / 80

A partnership may be automatically dissolved due to the following factors except________

24 / 80

The assembling of manufactured products into forms usable by humans is classified as

25 / 80

The difference between a chamber of commerce and a trade association is that the former

26 / 80

The following development of money have therefore been the use of, except______

27 / 80

Examples of commercial occupation are all except___________

28 / 80

The communication aspect of the marketing mix is

29 / 80

A conter offer is an offer that is

30 / 80

Any information about a manufacturer or his product that appears in any medium on a non-paid basis is known as

31 / 80

All activities that contribute towards making goods and services available to the people are

32 / 80

One of these is not a major in the production process?

33 / 80

Use this information to answer this question. Below is the trading, profit and loss Account particulars of Amadi peterside and Brothers for the year ended 31st December 1986.

Opening stock
Purchase
1000
7000
Sales 8000
Closing Stock 3000

Trading Expenses

Electricity
Salaries
Rent
Depreciations

135
875
180
210

From the figures given, calculate

Gross profit

34 / 80

Booklets containing a range of products, their uses and prices are called

35 / 80

A market is said to be bullish if_________

36 / 80

One of these is not a factor affecting prices of securities?

37 / 80

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.

From the question above, the document the firm or organization will send to the buyer is

38 / 80

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?

39 / 80

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

40 / 80

The basic characteristics of co-operative society include all except one

41 / 80

The process of winding up or bringing a company to an end is________

42 / 80

All but one is not an output devices?

43 / 80

The headquarters of Niger Basin Commission is located at________

44 / 80

A cheque that is payable to whoever presents it is known as_____

45 / 80

Which of these is not a merit of division of labour

46 / 80

A bear market is said to be in existence in a period of

47 / 80

All except one is not a corporation and boards at the federal level

48 / 80

Which of the limited liability companies have a limit of fifty members and do not issues their shares to the public

49 / 80

A responsibility to control environmental pollution is the responsibility of____

50 / 80

Examples of consumer goods include all except________

51 / 80

One of the disadvantages of Sole Proprietorship is__________

52 / 80

Services are made up of

53 / 80

The difference between the buying price and the selling price of a share is referred to as

54 / 80

All but one does not provide an Indirect Service?

55 / 80

In the formation of a united liability company, the following documents are prepared except_______

56 / 80

Computer that process data in the form of values is

57 / 80

A document that embody the conditions and exceptions attached to the contract is

58 / 80

Which of these is not a merit of division of labour

59 / 80

Advantages of pipeline transport include all except_______

60 / 80

An offer extended to several people at once is called

61 / 80

All but one is not a barriers to foreign trade

62 / 80

A business environment that take into consideration the beliefs, attitudes, needs, values and attitudes of the people is_________

63 / 80

Commerce brings about all except one

64 / 80

The following is a summary of the asset and liabilities of Ojo trading company as at 31st December, 2018

Initial Capital 5000
Net Profit 1000
Furniture 2000
Equipment 2900
Debtors 100
Stock 1000
Bank 500

 

From the above, calculate Current liabilities

65 / 80

Use the following information to answer this question.

The following is a summary of the asset and liabilities of Ojo trading company as at 31st December, 2018

Initial Capital 5000
Net Profit 1000
Furniture 2000
Equipment 2900
Debtors 100
Stock 1000
Bank 500

 

From the above, calculate Current assets

66 / 80

All but one is not an output devices?

67 / 80

Which of these is a document used in International trade?

68 / 80

A conter offer is an offer that is

69 / 80

Use this information to answer this question. Below is the trading, profit and loss Account particulars of Amadi peterside and Brothers for the year ended 31st December 1986.

Opening stock
Purchase
1000
7000
Sales 8000
Closing Stock 3000

Trading Expenses

Electricity
Salaries
Rent
Depreciations

135
875
180
210

From the figures given, calculate

Percentage of net profit to turnover

70 / 80

A self-contained chunk of code with principal aim to replies preferably undetected and to copy itself into the computer's memory and the computer's hard-disk is_________

71 / 80

The following is a summary of the asset and liabilities of Ojo trading company as at 31st December, 2018

Initial Capital 5000
Net Profit 1000
Furniture 2000
Equipment 2900
Debtors 100
Stock 1000
Bank 500

 

From the above, calculate Fixed assets

72 / 80

The type of insurance policy that is compulsory in International trade so that all goods passing through the sea must be covered is considered to be________

73 / 80

The function of management that establish objectives for the organization and trying to determine the best ways to accomplish them

74 / 80

A company which another company is a member and control the board of directors or hold more than half of its equity is termed_______

75 / 80

The policy used when contracts are awarded as a result of tender is________

76 / 80

Examples of commercial occupation are all except___________

77 / 80

The factors to be considered in setting up retail trade include all except_____

78 / 80

A document which entitles its holder to the gods named on it, which is stored in a specific warehouse is called________

79 / 80

Thee major aim of consumer orientation is_________

80 / 80

The most important resources of business is_______

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