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.
The safe keeping of goods from the point of production to the time they are needed is`
Astandardizing
Bwarehousing
Choarding
Dstock controlling
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Question 22
waec1999
A public limited company wishing to obtain more capital may have to
Aapply for subvention
Bbuy treasury bills
Cbuy second-hand securities
Dissue debentures
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Question 23
waec1999
A business unit in which profits are shared on the basis of members' patronage is known as
Apartnership
Bpublic limited company
CCo-operative society
Dprivate limited company
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Question 24
waec1999
Which of the following enables people to consume a variety of goods and services?
ALabour
BCapital
CLand
DExchange
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Question 25
waec1999
Which of the following refers to all the resources used in creating utilities?
AFixed capital
BFactors of production
CEnterpreneurship
DLabour
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Question 26
waec1999
Which of the following brings about specialization?
ARecruitment of staff
BDivision of labour
CBusiness resource
DEmployer of labour
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Question 27
waec1999
The goods that are used for the production of other goods are known as
Acommercial goods
Bconsumer goods
Ccapital goods
Dnon-durable
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Question 28
waec1999
A shoe repairer is engaged in a
Aservice occupation
Bmanufacturing
Cextractive occupation
Dcommercial occupation
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Question 29
jamb1999
The proposed monetary integration within ECOWAS sub-region has the overriding benefit of a
Aimproved exchange
Benhanced trade
Cenhance development
Dimproved relations
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Question 30
jamb1999
Which of the following group of countries are members of the Niger Basin Commission?
AThe republic of Guinea, Burkina Faso and Nigeria
BGhana, liberia, and the republic of Benin
CMali, Liberia and Nigeria
DGhana , Burkina Faso and Chad
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Question 31
jamb1999
The right of the public to protection against questionable products and marketing practices is
Aan economic aspect of the business
Ba social responsibility of business
Ca legal aspect of the business
Da political aspect of the business
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Question 32
jamb1999
Which of these sets of external environmental factors affects a business operation?
ACompetition, industry operation
BCompetition, labour and political
CPolitical, cultural and labour
DEconomic, social and legal
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Question 33
jamb1999
The main thrust of government policy of evolving good business environment in Nigeria is the need
Ato attract local and foreign investors
Bfor more export commodities
Cfor consumer oriented products
Dto have viable local markets
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Question 34
jamb1999
Under what management function would the motivation employees fall?
AStaffing
BControlling
COrganizing
DDirecting
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Question 35
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 36
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 37
jamb1999
Staff position in an organization borders on
Aauthority
Badvice
Cresponsibility
Dcontrol
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Question 38
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 39
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 40
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
