Jamb 2012 Commerce Past Questions And Answers
1
A company has an authorized capital of 40 million shares at N1 each, out of which 32 million are issued and fully paid-up. What happens to the remaining 8 million shares?
- A. it has been issued but not paid-up
- B. it has been applied for but not issued
- C. it is not paid-up
- D. it has not yet been issued
2
An organization which focuses on consumer satisfaction is practicing
- A. consumerism
- B. market segmentation
- C. selling concept
- D. marketing concept
3
Given: opening stock #1,800 purchases #2,800 sales #8,000 closing stock # 350 carriage on sales # 500 calculate the value of the unused stock.
- A. #800
- B. #500
- C. #350
- D. #320
4
The promotion of team spirit in an organization is referred to as
- A. unity of direction
- B. espirit de corps
- C. unity of purpose
- D. discipline
5
The main purpose of branding is to
- A. create identity for a product
- B. make a product look attractive
- C. create product awareness
- D. increase sales volume
6
The main objective of a trade association is to
- A. protect its members against litigation
- B. boost the trade of its members
- C. secure credit for its members
- D. protect its members against victimization
7
An example of an activity in the construction industry is
- A. blacksmithing
- B. bricklaying
- C. car assembling
- D. shoemaking
8
Securities that entitle the investor to coupon rates are
- A. bonds
- B. equities
- C. warrants
- D. treasury bills
9
The most important business objective is to
- A. improve investments
- B. provide quality products
- C. target consumers for satisfaction
- D. carve a niche for the business
10
Good and services are made available to consumers through
- A. the channel of distribution
- B. sales promotion
- C. the advertising agency
- D. the middle men