Jamb Commerce 2008 Past Questions and Answers

Question 6:

• JAMB 2008

The process of changing the form of a new material is known as?

A. Fabrication
B. Extraction
C. Conversion
D. Production

Question 7:

• JAMB 2008

In the long run, all factors of production are?

A. Fixed
B. Variable
C. Marginal
D. Constant

Question 8:

• JAMB 2008

The quality and quantity of production mostly depend on the?

A. Effectiveness of factors
B. Availibility of factors
C. Level of education of enterpreneurs
D. Level of cooperation among workers

Question 9:

• JAMB 2008

The promotion of savings culture is a feature of a?

A. Trade association
B. Consumers' cooperative society
C. Thirft cooperative society
D. Business association

Question 10:

• JAMB 2008

A document which gives a legal status to a company is the certificate of?

A. Incorporation
B. Trading
C. Commencement of business
D. Business registration