Jamb Commerce 1998 Past Questions and Answers

Question 41:

• JAMB 1998

The Continental West African Conference is a

A. Group of all West African countries trading in the same products
B. Conference to foster unity among the West African countries
C. Gorups of shipping lines operating on the same West African route
D. Trust with shareholders fromall West African countries

Question 42:

• JAMB 1998

The main function of thrift, credit and loans co-operative societies is to

A. Educate their members
B. Collect money from their members
C. Disburse money to their members
D. Raise investment finance among thir members

Question 43:

• JAMB 1998

Management is described as

A. Getting things done through people
B. Implementing of business decision
C. The numbers of levels in an organization
D. The people in authority in an organization

Question 44:

• JAMB 1998

Under normal circumstances, a business enterprise can be ideally structured

A. By product, function or territories
B. Around the personalities in the enterprise
C. On the ruling of the management
D. On the basis of an order from stockholders

Question 45:

• JAMB 1998

EXTERNAL ENVIRONMENT INTERNAL ENVIRONMENT EXTERNAL ENVIRONMENT
Which of the following sequences can best fit into the structure above?

A. People control ideals
B. Material production ideas
C. Finance marketing production
D. Material production product