Jamb Commerce 2004 Past Questions and Answers

Question 36:

• JAMB 2004

The most important function of commerce is?

A. Helping people to improve thir profits
B. Facilitaing exchanges among indiviuals and firms
C. Assisting trade through banking and insurance
D. Enhancing business relationships

Question 37:

• JAMB 2004

The acronym PLC is used to identify a?

A. Company limited by shares
B. Private company limited by shares
C. Public company limited by shares
D. Company limited by guarantee

Question 38:

• JAMB 2004

Commerce includes all the occupations concerned with?

A. Sales
B. Production
C. Marketing
D. Distribution

Question 39:

• JAMB 2004

Factors of production can be described as the?

A. Resources required for the provision of goods and services
B. Skills involves in deciding and directing the flow of goods
C. Monetary tools employed by government to ensure stable production
D. Elements involved in the process of formulating policies on production

Question 40:

• JAMB 2004

Fluctuations in the supply of goods may be eliminated if the distribution system maintains?

A. Modern technology
B. A team of retailers
C. Warehouse services
D. Sufficient middlemen