Jamb Commerce 2011 Past Questions and Answers

Question 6:

• JAMB 2011

The creation of goods and services to satisfy human wants is referred to as?

A. Manufacturing
B. Commercialization
C. Production
D. Entrepreneurship

Question 7:

• JAMB 2011

Resources obtained from the extractive sector that are transformed into finished products are examples of?

A. Primary production
B. Tertiary production
C. Direct production
D. Secondary production

Question 8:

• JAMB 2011

Which of the following is a limitation of division of labour?

A. Decline in craftmanship
B. Monotony of work
C. Reduction in output
D. Reduction in labour force

Question 9:

• JAMB 2011

An individual that links the producer with the retailer is?

A. An agent
B. A wholesaler
C. An entrepreneur
D. A principal

Question 10:

• JAMB 2011

One of the functions of a retailer is the?

A. Financing of production activities
B. Provision of credit facilities to relations
C. Provision of jobs for customers
D. Breaking of bulk