Jamb Commerce 2003 Past Questions and Answers

Question 31:

• JAMB 2003

The assembling of products into usable forms is known as?

A. Construction
B. Manufacturing
C. Formation
D. Creation

Question 32:

• JAMB 2003

The government policy thrust on the business environment is to?

A. Promote experts
B. Attract investors
C. Be self-sufficient
D. Increase production

Question 33:

• JAMB 2003

The act of a person employing another to enter into a contract on his behalf is known as?

A. Business
B. Sale of goods
C. Bilateral agreement
D. Agency

Question 34:

• JAMB 2003

Social responsibility of an organization to?

A. Tackle the socio-economic problem of its community
B. Meet the needs of its community
C. Contribute to sustaining and developing its community
D. Operate without disrupting the very essence of the enviroment

Question 35:

• JAMB 2003

The ECOBANK is the initiative of?

A. Some well-meaning Nigerian shareholders
B. The Federal Government of Nigeria
C. West African states tto foster trade
D. The Lagos State Governement to enhance capital mobilization