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 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 2
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 3
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 4
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 5
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 6
jamb1999
Under what management function would the motivation employees fall?
AStaffing
BControlling
COrganizing
DDirecting
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Question 7
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 8
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 9
jamb1999
Staff position in an organization borders on
Aauthority
Badvice
Cresponsibility
Dcontrol
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Question 10
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 11
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 12
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 13
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 14
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 15
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 16
jamb1999
The focal point of the marketing efforts is the`
Aseller
Bprofit
Cproduct
Dbuyer
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Question 17
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 18
jamb1999
The main role of advertising is to
Aconvince prospective buyers to buy
Bshow the actual shape, form and colour of the products
