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JAMB COMMERCE PAST QUESTIONS (UTME)

    UTME

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    JAMB COMMERCE PAST QUESTIONS

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    Category: JAMB COMMERCE PAST QUESTIONS

    Which of the following is a verbal means of communication

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    Category: JAMB COMMERCE PAST QUESTIONS

    One of the disadvantages of Sole Proprietorship is__________

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    Category: JAMB COMMERCE PAST QUESTIONS

    Which of the following is a traditional medium of communication used to mark festivals?

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    Category: JAMB COMMERCE PAST QUESTIONS

    A supplier of flour who intends to sign a contract with a baker through post can establish a binding agreement only

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    Category: JAMB COMMERCE PAST QUESTIONS

    Land as a factor of production does not vary in _______

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    Category: JAMB COMMERCE PAST QUESTIONS

    The business unit that applies the principle of one man, one vote is ______

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    Category: JAMB COMMERCE PAST QUESTIONS

    The vessels that operate on specific route on high seas and oceans are

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    Category: JAMB COMMERCE PAST QUESTIONS

    One of these is a current asset

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    Category: JAMB COMMERCE PAST QUESTIONS

    Trade fairs in Nigeria are organized by

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    Category: JAMB COMMERCE PAST QUESTIONS

    Current account holders withdraw money through

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    Category: JAMB COMMERCE PAST QUESTIONS

    Which of the following best describes an invoice?

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    Category: JAMB COMMERCE PAST QUESTIONS

    Citizens are against privatization mainly because of

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    Category: JAMB COMMERCE PAST QUESTIONS

    Examples of consumer goods include all except________

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    Category: JAMB COMMERCE PAST QUESTIONS

    The act of selling in a foreign market at a price lower than the cost price is called

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    Category: JAMB COMMERCE PAST QUESTIONS

    One of the major problems of a sole proprietor is sourcing for

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    Category: JAMB COMMERCE PAST QUESTIONS

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

    Initial Capital5000
    Net Profit1000
    Furniture2000
    Equipment2900
    Debtors100
    Stock1000
    Bank500

     

    From the above, calculate Current liabilities

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    Category: JAMB COMMERCE PAST QUESTIONS

    One of the major determinants of the volume of production is

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    Category: JAMB COMMERCE PAST QUESTIONS

    All but one is not an output devices?

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    Category: JAMB COMMERCE PAST QUESTIONS

    In the transportation industry, dead freight is used to describe the

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    Category: JAMB COMMERCE PAST QUESTIONS

    The most important resources of business is_______

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    Category: JAMB COMMERCE PAST QUESTIONS

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

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    Category: JAMB COMMERCE PAST QUESTIONS

    A formal letter to a dealer to enquire details about certain items for sale is referred to as

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    Category: JAMB COMMERCE PAST QUESTIONS

    The major determinant of fire insurance premium is the

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    Category: JAMB COMMERCE PAST QUESTIONS

    A carton of noodles valued at #2,000 was invoiced at #200 only.The accounting procedure to correct this error is to issue

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    Category: JAMB COMMERCE PAST QUESTIONS

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

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    Category: JAMB COMMERCE PAST QUESTIONS

    What is a Quota?

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    Category: JAMB COMMERCE PAST QUESTIONS

    The implied provisions in every sale of goods as contained in the sale of goods act of 1893 are conditions and

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    Category: JAMB COMMERCE PAST QUESTIONS

    Thee major aim of consumer orientation is_________

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    Category: JAMB COMMERCE PAST QUESTIONS

    The duties paid on goods produced locally is

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    Category: JAMB COMMERCE PAST QUESTIONS

    One of the disadvantages of rail transport is

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    Category: JAMB COMMERCE PAST QUESTIONS

    Which of the following is classified as an immaterial want?

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    Category: JAMB COMMERCE PAST QUESTIONS

    One of the products of an extractive industry is

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    Category: JAMB COMMERCE PAST QUESTIONS

    The document submitted to the customs authority when full description of imported goods is not provided is

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    Category: JAMB COMMERCE PAST QUESTIONS

    Which of the followingis a modern trend in retailing ?

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    Category: JAMB COMMERCE PAST QUESTIONS

    An important feature of land is that it

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    Category: JAMB COMMERCE PAST QUESTIONS

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

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    Category: JAMB COMMERCE PAST QUESTIONS

    In product pricing, which of these elements need more consideration than others?

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    Category: JAMB COMMERCE PAST QUESTIONS

    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________

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    Category: JAMB COMMERCE PAST QUESTIONS

    The computer using linear integrated circuit technology complied with quantification of data in term of length and distance is

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    Category: JAMB COMMERCE PAST QUESTIONS

    When expenses on trading are deducted, the result is the

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    Category: JAMB COMMERCE PAST QUESTIONS

    The application of division of labour would generally bring about

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    Category: JAMB COMMERCE PAST QUESTIONS

    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_________

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    Category: JAMB COMMERCE PAST QUESTIONS

    The effects of devaluation includes all except _______

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    Category: JAMB COMMERCE PAST QUESTIONS

    The pricing policy that seeks to set prices relatively high in order to attract the wealthy segment of the market is

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    Category: JAMB COMMERCE PAST QUESTIONS

    Which of the following is the best method for computing working capital

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    Category: JAMB COMMERCE PAST QUESTIONS

    The minimum lending rate of a bank is a component of its

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    Category: JAMB COMMERCE PAST QUESTIONS

    In the law of contact, a counter offer operates as

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    Category: JAMB COMMERCE PAST QUESTIONS

    The document issued by a port authority for goods deposited is a

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    Category: JAMB COMMERCE PAST QUESTIONS

    The development of commerce in west Africa was not hampered by

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    Category: JAMB COMMERCE PAST QUESTIONS

    Complying with the rules relating to the conduct of business activities in a country is an aspect of

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    Category: JAMB COMMERCE PAST QUESTIONS

    When an oil exploring and mining company builds a health centre in one community where at operates, such a company is

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    Category: JAMB COMMERCE PAST QUESTIONS

    Which of the following is NOT backed by gold but by government securites?

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    Category: JAMB COMMERCE PAST QUESTIONS

    To eliminate middlemen, there should be a retail outlet such as

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    Category: JAMB COMMERCE PAST QUESTIONS

    One of the functions of the retailer is

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    Category: JAMB COMMERCE PAST QUESTIONS

    The factors which critically determines the choice of occupation is

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    Category: JAMB COMMERCE PAST QUESTIONS

    A cheque drawn by a bank official on the bank’s deposit in another bank on a customer’s deposit in another bank

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    Category: JAMB COMMERCE PAST QUESTIONS

    A document recording the transactions of an organization with its customer for a specified period which normally shows the indebtedness of one to the other is a

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    Category: JAMB COMMERCE PAST QUESTIONS

    An ancillary to trade which promotes socio - cultural development all over the world is

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    Category: JAMB COMMERCE PAST QUESTIONS

    Which of the following has power to order withdrawal of a particular food item from circulation?

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    Category: JAMB COMMERCE PAST QUESTIONS

    The scope of commerce is limited to ________

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