Jamb Commerce 2012 Past Questions and Answers

Question 31:

• JAMB 2012

Given:
opening stock #1,800
purchases #2,800
sales #8,000
closing stock # 350
carriage on sales # 500
calculate the value of the unused stock.

A. #800
B. #500
C. #350
D. #320

Question 32:

• JAMB 2012

The main objective of a trade association is to

A. Protect its members against litigation
B. Boost the trade of its members
C. Secure credit for its members
D. Protect its members against victimization

Question 33:

• JAMB 2012

The promotion and protection of trade industry and agriculture through trade fairs is a function of

A. NACRDB
B. NACCIMA
C. The consumer protection council
D. The chamber of commerce

Question 34:

• JAMB 2012

Securities that entitle the investor to coupon rates are

A. Bonds
B. Equities
C. Warrants
D. Treasury bills

Question 35:

• JAMB 2012

Under what management function will the motivation of employees fall

A. Staffing
B. Controlling
C. Organizing
D. Directing