Jamb 1999 Commerce Past Questions And Answers
The forum for the selling and of buying of securities of small and medium companies is called
- A. Second Tier Foreign Exchange Market
- B. Foreign Exchange Market
- C. Securities and Exchange Commission
- D. Second Tier Securities
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
- A. remunerate Q
- B. reply Q
- C. indemnify Q
- D. settle Q
One major disadvantage of a cartel is that it
- A. maximizes productive efficiency
- B. brings the merging firms under control
- C. maximizes profit from operation
- D. eliminate competitions and waste
The focal point of the marketing efforts is the`
- A. seller
- B. profit
- C. product
- D. buyer
The primary motive behind an individual engaging in production is to?
- A. fully engaged all the factors of production
- B. make available goods and services
- C. meets projected profit
- D. meet basic human needs
A wholesaler dealer in securities is known as a
- A. stockborker
- B. speculator
- C. jobber
- D. stag
Commerce makes it possible for man to live in a
- A. complex and organized society
- B. society characterized by subsistency
- C. society characterized by dependency
- D. simple and organized society
The main role of advertising is to
- A. convince prospective buyers to buy
- B. show the actual shape, form and colour of the products
- C. inform people where to obtain goods and services
- D. captured the attention of people
The principle of subrogation states that
- A. an insured person should be indemnifed to the tune of the amount insured
- B. an insurance company can stand in place of the insured in dealing with third party
- C. oly a person who is likely to sufferrd loss should take take out an insurance cover
- D. ther must be a close connection between the actual loss suffered and risk insured
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
- A. lawful to both
- B. unlawful to both
- C. beneficial to both
- D. detrimental to both