JAMB COMMERCE PAST QUESTIONS (UTME)

The major determinant of fire insurance premium is the

Land as a factor of production does not vary in _______

All but one does not provide an Indirect Service?

Which of the following functions is not performed by warehousing?

The duties paid on goods produced locally is

One of the disadvantages of rail transport is

Privatization is

All but one is not an output devices?

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

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

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

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

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

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

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

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

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

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

One of the disadvantages of Sole Proprietorship is__________

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

Mrs Jones who lives in the riverine community of Rivers State makes her living through crabbing and fishing . This type of occupation she is in is

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

Examples of Commercial occupation are all except___________

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

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

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

DF is charging certain duties by an organization to the public to gain high patronage is a concern of financial resposibility

One of these is a current asset

The effects of devaluation includes all except _______

The most important resources of business is_______

Which of the following is a legal tender?

The risks that can be forecast and measured is termed___________

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

Which of the following is classified as an immaterial want?

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

The factors which critically determines the choice of occupation is

The world tourism organization has it headquarters in

When expenses on trading are deducted, the result is the

keeping the goods safe until they and needed

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

Tourists with no fixed address in a town may receive their letters from post office through a

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

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

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

The payment for direct service is usually made by the

Labour as an input in production can be motivated by

One of the factors of determining the volume of production is

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

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

The production of goods and services in anticipation of demand is made possible by _______

Which of the followingis a modern trend in retailing ?

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

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

One of the major determinants of the volume of production is

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________

Cooperation and friendliness are enhanced among nations through interdependence necessitated by

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

Which of the following is a verbal means of communication

In Nigeria, the ministry in charge of registering trade association is that of

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