JAMB Commerce 1995 past questions

The development of commercial activities in Nigeria was facilitated largely by

In which of the following sets of occupations can an industrial worker be found?

Construction activities include the building of houses and roads as well as

If a partnership deed is silent on how profits are to be shared, partners share profits

Which of the following information is contained in the Articles of Association of a limited liability company?

The merger of two companies producing the same type of products is an example of

One of the implications of the incorporation of a company is that

The main advantage of a sole trader is the freedom to

In the case of voluntary liquidation of a business, the receiver is appointed by the

When a company uses more of loans than equity to finance its business, the company is said to be

The nominal value of a share as specified in the Memoradium of Association and the share certificate is the

Factoring is a trade debt term used when the agent buys all the trade debts of the

The financial index which compares current assets directly with current liabilities is known as current

Rights issue means the

Profit that is expressed as a percentage of the cost of goods sold is referred to as

Given: N Opening stock 40,000 Purchases 115,000 Closing stock 60,000 Sales 250,000 What is the cost of goods sold?

In the channel of distribution, which of the following sets is entirely made up of middlemen?

Goods imported into a country for the purpose of re- exporting attracts a rebate known as

Most foreign trade transactions are paid for through the use of

RRF as a scheme introduced by the Central Bank of Nigeria means

Which of the following gives the correct order in which the listed documents are used?

Freight note is a document

An invoice of N600 is marked 5% 1 month, 212% 3 months’ and ‘1% 5 months’. If a customer pays in the second month of purchase, how much will he remit to the seller?

Spot market goods are those which are available for

The main advantage of road transport is that it is

The practice by which an insurance company accepts a very large riskand later shares it with other insurance companies are called

The insurance policy which provides full cover against all risks at sea is known as

Berne Union is also known as

Which of the following sets of items was used for exchange in Nigeria before money was introduced?

Which of the following is NOT a function of the stock exchange market?

The marketing approach by which a firm caries out a detailed analysis of itself, the consumers and its competitors is known as

The breaking down of a market into separate and identifiable elements each with its own special product requirements is known as market

Taking a new product to a particular part of a country to test the reaction of consumers to the product is referred to as

Which of the following are forms of sales promotion?

Chinyere agreed to make a dress for Halima with September 20, 1995 as the delivery date. If the dress was not ready on that date, Halima could

Consumer sovereignty means that the consumer is

When an industry or company is nationalized, the state becomes

The Federal Government made efforts at rendering public enterprises more efficient and profit-oriented [PAGE 7] through the process of

Which of the following organizations represents those who engage labour in Nigeria?

The practice of assessing employees for payment or advancement according to their observed achievement is called