Jamb Commerce 2006 Past Questions and Answers

Question 26:

• JAMB 2006

Materials used for further production of goods and services are known as?

A. Export goods
B. Intermediate goods
C. Capital goods
D. Consumer goods

Question 27:

• JAMB 2006

A liquidator's fee is to be charged to the?

A. Realization account
B. Trading account
C. Revaluation account
D. Reconstruction account

Question 28:

• JAMB 2006

The safety and quality of products are the social responsibility of?

A. The Standards Organization of Nigeria
B. The Manufacturers' Association of Nigeria
C. The Corporate Affairs Commission
D. Business organizations

Question 29:

• JAMB 2006

A feature common to privatization and commercialization is?

A. Profit-making
B. Credit sales
C. Market expansion
D. Price increases

Question 30:

• JAMB 2006

A protection right which can be reviewed or renewed after seven years is known as?

A. Patent
B. Design
C. Registration name
D. Trade mark