Jamb 2003 Commerce Past Questions And Answers
1
One of the requirements necessary for setting up a business is?
- A. registration
- B. advertisement
- C. knowledge of the business
- D. documentation
2
The device which interprets and carries out the instructions presented to it by the computer program is known as?
- A. software
- B. microprocessor
- C. mouse
- D. hard-disk
3
The assembling of products into usable forms is known as?
- A. construction
- B. manufacturing
- C. formation
- D. creation
4
Privatization is concerned with?
- A. equal ownership between the public and the governement
- B. the dilution of ownership among the public
- C. the individual ownership of companies
- D. governement ownership of companies
5
Goods that are manufactured or acquired by the seller after the contract of sale are?
- A. specialty goods
- B. future goods
- C. specific goods
- D. general goods
6
The government policy thrust on the business environment is to?
- A. promote experts
- B. attract investors
- C. be self-sufficient
- D. increase production
7
An obstacle to international trade is?
- A. trade imbalance between countries
- B. availiability of local market
- C. quantity and quality of labour
- D. cost of finance
8
Social responsibility of an organization to?
- A. tackle the socio-economic problem of its community
- B. meet the needs of its community
- C. contribute to sustaining and developing its community
- D. operate without disrupting the very essence of the enviroment
9
In the event of the liquidation of a company, the first to be settled are?
- A. debenture holders
- B. members of the board
- C. preference shareholders
- D. ordinary shareholders
10
The market structure, business conditions and financial system in Nigeria constitute the?
- A. economic environment
- B. political environment
- C. cultural environment
- D. technological environment