Jamb 2013 Commerce Past Questions And Answers
1
In a staff-authority relationship, the opinion of a specialist in one department to another is
- A. a directive
- B. an advice
- C. a command
- D. a delegation
2
A contract can be terminated through
- A. physical combat
- B. family intervention
- C. frustration
- D. consultation
3
Management of a business involves the development of ideas for the
- A. distribution of goods and services that human wants
- B. transportation of goods and services that human wants
- C. transfer of title of ownership of goodsand services to individuals
- D. production of goods and services that satisfy human needs
4
An agent employed to sell goods delivered to him by the principal is referred to as a
- A. special agent
- B. del credere agent
- C. factor
- D. universal agent
5
The role of customs and exercise authority includes the
- A. provision of a good transport system to facilitate imports and exports
- B. provision of security at the port
- C. control of the flow of goods in and out of the country
- D. provision of dockyards for ship repairs
6
Which of the following is used as a pricing policy?
- A. Packaging
- B. Market selection
- C. Labelling
- D. Market skimming
7
The assembling of products into usable forms is known as
- A. creation
- B. manufacturing
- C. construction
- D. formation
8
The breaking down of a market into separate and identifiable elements is known as
- A. differentiation
- B. segmentation
- C. skimming
- D. penetration
9
Which of the following is a quality of money
- A. Availability
- B. Scarcity
- C. Indivisibility
- D. Convertibility
10
The sole legal right held by the author to publish his book is
- A. trademark
- B. copyright
- C. patent right
- D. bookmark