JAMB COMMERCE PAST QUESTIONS (UTME)

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

The most important resources of business is_______

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

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

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

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

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

The internet is a system of telecommunication used for

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

Which of the following best describes an invoice?

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

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

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

Communication enhances business activities by

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

The application of division of labour would generally bring about

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

The risks that can be forecast and measured is termed___________

What is a Quota?

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

keeping the goods safe until they and needed

Which of the following is an item in the marketing mix?

All but one is not an output devices?

The effects of devaluation includes all except _______

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

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________

Which of the following is classified as an immaterial want?

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

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

One of the disadvantages of Sole Proprietorship is__________

One of the functions of the retailer is

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

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

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

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_________

One of the products of an extractive industry is

Examples of Commercial occupation are all except___________

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

Bank overdraft as a short term source of fund is

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

The Central Bank Monetary policy instrument by which it buys and sells securities is called

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

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

The scope of commerce is limited to ________

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

Which of the followingis a modern trend in retailing ?

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

An important feature of land is that it

The board of directors of public enterprise is appointed by who?

When expenses on trading are deducted, the result is the

In the law of contact, a counter offer operates as

Labour as an input in production can be motivated by

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

Thee major aim of consumer orientation is_________

Which of the following is a legal tender?

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

Citizens are against privatization mainly because of

Trade fairs in Nigeria are organized by

One of the major determinants of the volume of production is

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