Jamb Commerce 1999 Past Questions and Answers

Question 1:

• JAMB 1999

The conversion of raw material into finished products creates

A. Marginal utility
B. Place utility
C. Form utility
D. Time utility

Question 2:

• JAMB 1999

The conversion of raw material into finished products creates

A. Marginal utility
B. Place utility
C. Form utility
D. Time utility

Question 3:

• JAMB 1999

Commerce makes it possible for man to live in a

A. Complex and organized society
B. Society characterized by subsistency
C. Society characterized by dependency
D. Simple and organized society

Question 4:

• JAMB 1999

Use the information below to answer questions 3 and 4.
Aboki Plc, became the insolvent and decided to wind up to meet the legitimate claims of its creditors.
Babalawee was called in to manage the dissolution.
after paying the debts of aboki Plc, the balance goes to?

A. Aboki Plc
B. Babalawee
C. Shareholders
D. Creditors

Question 5:

• JAMB 1999

Use this information to answer the question below.
Aboki Plc became insolvent and decided to wind up to meet the legitimate claims of its creditors. Babalawee was called in to manage the dissolution.
Babalawee is ___________?

A. A claimant
B. A manager
C. An assessor
D. A reciever