JAMB COMMERCE PAST QUESTIONS (UTME)

The world tourism organization has it headquarters in

A title, symbol, or design that distinguishes a company is called

The duties paid on goods produced locally is

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

One of the major determinants of the volume of production is

keeping the goods safe until they and needed

An important feature of land is that it

An association that acts as a watchdog between enterpreneurs and government to protect trade from any unfavourable laws is said to be a

One of the functions of the retailer is

From which of the following sources can partnership increase their capital?

Land as a factor of production does not vary in _______

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

The application of division of labour would generally bring about

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

The scope of commerce is limited to ________

What is a Quota?

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

Company has an authorized capital of 100 millon shares at N1 per share, out of which 50 million shares have been issued and fully paid-up the remaining 50 million shares have

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

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

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

The development of commerce in west Africa was not hampered by

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

The document that gives an important freehand to obtain goods form any manufacturer is

The major determinant of fire insurance premium is the

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

One of the functions of the Nigerian Ports Authority is that it

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

From the above, calculate Current assets

Which of the followingis a modern trend in retailing ?

Which of the following is a legal tender?

Which of the following is classified as an immaterial want?

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

Funds used for paying wages, salaries and payments for raw materials are categorized under

Bank overdraft as a short term source of fund is

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

All but one does not provide an Indirect Service?

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

When expenses on trading are deducted, the result is the

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

From the above, calculate Current liabilities

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

One of these is a current asset

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

One of the products of an extractive industry is

Cooperation and friendliness are enhanced among nations through interdependence necessitated by

In response to an inquiry from a customer, a wholesaler is expected to send back

All but one is not an output devices?

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

Citizens are against privatization mainly because of

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

The effects of devaluation includes all except _______

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

From the above, calculate Fixed assets

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

One of the factors of determining the volume of production is

Thee major aim of consumer orientation is_________

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

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

The agency in Nigeria which ensure that products conform to government quality specification is the

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

Labour as an input in production can be motivated by

The type of activity which turns processed raw materials into consumer and industrial goods is described as ________