Jamb Commerce 2007 Past Questions and Answers

Question 16:

• JAMB 2007

The making of doors from timber planks is a type of?

A. Manufacturing
B. Tertiary production
C. Secondary produuction
D. Primary production

Question 17:

• JAMB 2007

Law-making is an example of?

A. Indirect service
B. Commerical occupation
C. Direct service
D. Industrial occupation

Question 18:

• JAMB 2007

A document which advertise the shares of a company is known as a?

A. Memorandum of satisfaction
B. Dividend warrant
C. Deed
D. Prospectus

Question 19:

• JAMB 2007

The creation of utilities is to satisfy human wants is referred to as?

A. Production
B. Consumption
C. Industrialization
D. Occupation

Question 20:

• JAMB 2007

A major criticism of a cooperative society is?

A. Limited capital
B. Granting exceessive loans to members
C. Selling goods on credit to non-members
D. Management incompetence