Day 2 JAMB 2018 10th Questions And Answers Available Here

COMMERNCE ANSWERE FOR SATURDAYS EXAMS BEIN 10TH OF MARCH

   1 :- Alpha Limited manufacturers consumes goods. It prepares a document to accompany the goods to be
exported . The document prepared by alpha limited IS
CORRECT ANSWER =
A certificate of origin
2 :- Granting credit facilities t consumers is a function of
CORRECT ANSWER =
A retailer
3 :- One of the sources of capital for a sole proprietor is
CORRECT ANSWER =
Trade credit
4 :- The warehouse owned by individuals for repackaging of goods is
CORRECT ANSWER =
Wholesale warehouse
5 :- One of the major concerns of commercial activities is to
CORRECT ANSWER =
Improves people standard of living
6 :- In order to increase sales, an ancillary to trade that can be used to stimulate demand is
CORRECT ANSWER =
Advertising
7 :- When a business firms embark on advertorials that reveal the feature of its product, it has rendered it
CORRECT ANSWER =
Social responsibility
8 :- The total assets of a business can be calculated as
CORRECT ANSWER =
Fixed asset plus current assest
9 :- An account in which money is saved for a specified period of time to earn an interest is reffered to as
CORRECT ANSWER =
Deposit account
10 :- The document that indicates a contract of carriage of goods between an exporter and the shipping
company is a
CORRECT ANSWER =
Bill of lading
11 :- Commerce came into being as a result of
CORRECT ANSWER =
Society needs and wants
12 :- Which of the following is often referred to as an artificial person in law
CORRECT ANSWER =
Limited liability company
13 :- The ROM differs from RAM in that the former
CORRECT ANSWER =
Has wider storage capacity
14 :- The means of posting large numbers of mails in a big firm is through the use of
CORRECT ANSWER =
Franking machines
15 :- The responsibility of influencing legislation and promoting commercial activities are the concern of
CORRECT ANSWER =
chambers of commerce
16 :- Which of the following has the value of money and commodity
CORRECT ANSWER =
Gold
17 :- If a tanker already loaded a got burnt in transit, the contract has been discharged by
CORRECT ANSWER =
Frustration
18 :- The services rendered by a housemaid is an example of
CORRECT ANSWER =
Direct service
19 :- Which of the following encourages international division of labour
CORRECT ANSWER =
Multilateral trade
20 :- The main storage device for personal computer is the
CORRECT ANSWER =
Hard Disk drive
21 :- A document sent to a company goods in transit is referred to as
CORRECT ANSWER =
Certificate of insurance
22 :- A place where investors meet to buy and sell existing securities is called
CORRECT ANSWER =
A stock market
23 :- The average stock is
CORRECT ANSWER =
N450
24 :- A retail device that automatically dispense products when money is inserted in ti is a
CORRECT ANSWER =
Vending machine
25 :- The quality of money that enables it to stand the test of time is
CORRECT ANSWER =
durability
26 :- An important consideration in life of a product is the
CORRECT ANSWER =
Pricing of the product
27 :- The factors that influences the achievement of organisational goals are
CORRECT ANSWER =
Internal and external
28 :- In order to achieve a set of objective, coordination of all factors is done by
CORRECT ANSWER =
An entrepreneur
29 :- The function of money used to ascertain the worth of goods and services is
CORRECT ANSWER =
Measure of value
30 :- The merit of money as a medium of exchange is that it
CORRECT ANSWER =
Facilitate differed payment
31 :- An example of concentration segmentation strategy is when a firm produces
CORRECT ANSWER =
Shoes and clothing
32 :- What is the cost of goods sold
CORRECT ANSWER =
N3700
33 :- One of the roles of advertising in business is to
CORRECT ANSWER =
Regulates the volume of production
34 :- Displaying goods and demonstrating its use ia a commercial activity classified as
CORRECT ANSWER =
sales promotion
35 :- If Michael and CBC commercial Bank are legally bound to carry out their obligation. The contract is
said to be
CORRECT ANSWER =
Valid
36 :- Messenger, cleaner and gardener are examples of
CORRECT ANSWER =
Unskilled labour
37 :- Trading certificate permits a company to
CORRECT ANSWER =
Commence business activities
38 :- The mining of gold by a firm is an example of
CORRECT ANSWER =
Primary production
39 :- Which of the following means of transporting chemicals?
CORRECT ANSWER =
Pipeline
40 :- Customs duty is imposed when
CORRECT ANSWER =
the goods from another country are coming into Nigeria