Jamb Commerce 1998 Past Questions and Answers

Question 46:

• JAMB 1998

When a business enterprise provides free service to its environment, the service is said to be a

A. Civic responsibility
B. Philanthropic consideration
C. Social responsibility
D. Political consideration

Question 47:

• JAMB 1998

Inventory control is an aspect of a

A. Operations research
B. Materials management
C. C the organizing function
D. D span of control

Question 48:

• JAMB 1998

The reduction of import duties among the members countries of ECOWAS is an example of

A. Preference duties
B. Preferential treatment
C. Preferential tariff
D. Preferential excise

Question 49:

• JAMB 1998

In a common market, member countries agree basically to

A. Place bans on the other countries’ product
B. Wage war against other countries’ product
C. Establish common barriers against countries outside the market
D. Negotiate with countries outside the market for favourable terms of trade .

Question 50:

• JAMB 1998

Emeka ordered goods for his retail shop. The manufacturer sells the goods at retail price of N 500 but would give it to Emeka at N 400. What kind of discount did he get?

A. Cash discount
B. Trade discount
C. Quantity discount
D. Seasonal discount.