Study and practice Commerce past questions with answers and detailed explanations. Then test your knowledge using our interactive CBT practice platform and prepare confidently for your upcoming examinations.
Under what management function would the motivation employees fall?
AStaffing
BControlling
COrganizing
DDirecting
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Question 1612
jamb1999
(i)Money and machines (ii) Materials and Money (iii)Market and Man.
Which combination of the above are basic requirement as business resource?
Ai and ii
Bii and iii
Ci and iv
Dii and iv
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Question 1613
jamb1999
The line function in a typical manufacturing enterprise is normally performed by the
Apublic relations department
Bestate or properties department
Cmarketing department
Dlegal department
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Question 1614
jamb1999
Staff position in an organization borders on
Aauthority
Badvice
Cresponsibility
Dcontrol
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Question 1615
jamb1999
One major disadvantage of a cartel is that it
Amaximizes productive efficiency
Bbrings the merging firms under control
Cmaximizes profit from operation
Deliminate competitions and waste
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Question 1616
jamb1999
In every simple contract, the price which is paid to purchase a promise is called
Aofferee
Bacceptance
Cconsideration
Drepresentation
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Question 1617
jamb1999
In a hire purchase agreement between Argungu Ltd and Maikudi, Argungu Ltd inserted provision that it can enter Maikudi’s premises at any time and remove the hired vehicle for any breach. This provision is
Alawful to both
Bunlawful to both
Cbeneficial to both
Ddetrimental to both
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Question 1618
jamb1999
Q,act as an agent of P, lawfully and reasonably incur the amount of N350 as expenses.If Q comes to P, for payment , this is an instance of P'S duty to
Aremunerate Q
Breply Q
Cindemnify Q
Dsettle Q
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Question 1619
jamb1999
The process of bringing a company under exclusive state ownership and control is know as
Anationalization
Bcommercialization
Cindigenization
Dprivatization
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Question 1620
jamb1999
Adigun displays goods of different makes on shelves in his supermarket. This is an example of
Ainvitation to treat
Boffer to sell
Coffer to purchase
Dinvitation to sell
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Question 1621
jamb1999
The focal point of the marketing efforts is the`
Aseller
Bprofit
Cproduct
Dbuyer
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Question 1622
jamb1999
The concept of limiting types, sizes and other characteristics of a product line without sacrificing utility or durability is called
Asimplification
Bstandardization
Cspecialization
Dsatisficing
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Question 1623
jamb1999
The main role of advertising is to
Aconvince prospective buyers to buy
Bshow the actual shape, form and colour of the products
Cinform people where to obtain goods and services
Dcaptured the attention of people
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Question 1624
jamb1999
Modern business philosophy emphasizes
Aquality products
Bcustomer satisfaction
Csales volume
Dpublic relations
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Question 1625
jamb1999
A wholesaler dealer in securities is known as a
Astockborker
Bspeculator
Cjobber
Dstag
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Question 1626
jamb1999
The forum for the selling and of buying of securities of small and medium companies is called
ASecond Tier Foreign Exchange Market
BForeign Exchange Market
CSecurities and Exchange Commission
DSecond Tier Securities
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Question 1627
jamb1999
Aliyu bought 100 shares at the stock market through a stockbroker. He was told the price each share was N3 cum. div. This means that Aliyu
Ais entitled always to a cumulative dividends accruing from the shares
Bis entitled to the next dividends due to the shares
Cwill not be entitled to the next dividends due to the shares
Dstill owes N3 on the shares which will be subtracted from the dividends
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Question 1628
jamb1999
The elimination of fault in a computer programme is called?
Aconsole
Bdebug
Cdump
Dloop
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Question 1629
jamb1999
(i)Foreign investment (ii) Long-term lending (iii) Short-term lending (iv)Foreign exchange (v) Short-term borrowing. Which combination of the above include capital account in international trade?
Ai, iii, and iv
Bii, iii and iv
Cii and v
Di and ii
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Question 1630
jamb1999
The three major function unit which the modern computer has are
