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.
Sudden technology changes can have the effect of making
Aa company's management style ineffective
Ba company's product obsolete
Cthe control menchanism difficult to implement
Dthe motivational factors in the company difficult to monitor
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Question 782
jamb1997
The existing system of government and the administrative sub-division of a country which affect the operation of business in the country is described as
Aeconomic environment
Blegal environment
Cpolictical environment
Dsocial environment
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Question 783
jamb1997
Social responsibility of business requires enterprises to
Ahold annual social parties for the public
Bdraw their workers only from the immediate environment
Caddress themselves to issues relating to the society
Dset up social welfare centers in their areas of operation
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Question 784
jamb1997
A key advantage of delegation is that
Aworkers are prepared for hgher responsibilites
Bthe manager has less work to do
Cthe manager spends less time on planning
Dthe organization grows larger in size
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Question 785
jamb1997
In a business organization, the annual operation plan or budget is a form of
Acasual plan
Bmedium-term plan
Clong-term plan
Dshort-term plan
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Question 786
jamb1997
The management function of evaluating whether objectives are being achieved is
Aplanning
Bdirecting
Corganizing
Dcontrolling
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Question 787
jamb1997
The main objective of a trade association can best be described as promoting and protecting
Athe products
Bcommon interest
Cthe market
Dcustomer's interest
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Question 788
jamb1997
The least of the advantages of indigenization is that
Athe standard of living of the indigenes is improved
Bthe economy is controlled by the nationals
Centerpreneurals skill is developped
Dforeigners' domination is avoided
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Question 789
jamb1997
The activities of consumers association in Nigeria have not been effective because
Athe consumers are too many
Bthe government is not favourabley dispose towards consumerism
Cthere is poor enlightenment about consumer rights
Dthe consumers have no medium for expressing their feelings
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Question 790
jamb1997
Th overriding objective of the food and drug act in Nigeria is too prevent the
Aimportation of food and drug that can be locally manufactured
Bconsumption of food and drug not tested by the minitries of health
Cadulteration of food and drug sold in the country
Dmanufactures of food and drug from charging excessive prices
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Question 791
jamb1997
One of the criteria for differentiating consumers markets from industrial ones is the
Atype of demand
Btype of supply
Cnature of the services rendered
Dprice of the goods
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Question 792
jamb1997
The most important pieces of legislation governing business and commercial activities in Nigeria currently is the
ACompanies degree,1968
BTrade Disputes degree, 1976
CCompanies and Allied matters degree,1990
DBanks and Other Financial institution degree,1991
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Question 793
jamb1997
When old customers stick to the old place to buy goods and services,it is known as
Agoodwil
Bpersonal factor
Cwindow shopping
Dpatronage
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Question 794
jamb1997
The main advantage of using cinema as an advertising medium is that it is
Acheap
Baccurate
Caccessible
Dinformative
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Question 795
jamb1997
When a vendor supplies newspapers from house to house and across the streets, the element of marketing mix involved is
Aproduct
Bprice
Cpromotion
Dplace
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Question 796
jamb1997
The process of creating more for a product is called?
Aadvertising
Bmarketing
Cpromotion
Dconsumerism
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Question 797
jamb1997
When a firm speaker of stock appreciation, it refers to
Achange in the value of its stocks resulting from price movement
Bincrease in the price of it shared quoted on the stock exchange
Can unexpected increase in the demand of its stock
Dthe value of its stock in the stock exchange
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Question 798
jamb1997
A markets where new shares are trade is known
Aprimary market
Bstock exchange
Csecondary markets
Dmoney market
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Question 799
jamb1997
Commercial banks are referred to as departmental stores of banking because they
Ahave many branches
Bhave many customers
Care found in the cities
Doffer many types of services
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Question 800
jamb1997
Bank giro is a system where?
Acommercial banks can give loan to all customers
Ba central bank opens account for commercial banks
