Jamb Commerce 1995 Past Questions and Answers

Question 21:

• JAMB 1995

When an industry or company is nationalized, the state becomes

A. The major shareholder
B. The mini shareholder
C. The only shareholder
D. An equal shareholder with other individuals

Question 22:

• JAMB 1995

The federal Government made efforts at rendering public enterprises more efficient and profit-oriented through the process of

A. Privatization
B. Commercialization
C. Indigenization
D. Nationalization

Question 23:

• JAMB 1995

Which of the following organizations represents those who engages labour in Nigeria?

A. Nigerian Labour Congress
B. Nigerian Employers Consultative Association
C. Manufacturers Association of Nigeria
D. Nigerian Union of Local Government Employees

Question 24:

• JAMB 1995

The practice of assessing employees for payment or advancement according to their observed achievement is called

A. Employee ranking
B. Merit rating
C. Job grading
D. Employee education

Question 25:

• JAMB 1995

Motivation is an essential element in management because it

A. Leads to the improvement of staff welfare
B. Encourage individual to work towards achieving the orgaization's objective
C. Reduce friction among employees in the process of achieving the company's objective
D. Helps to eliminate industrial disharmony