Jamb Commerce 2017 Past Questions and Answers

Question 16:

• JAMB 2017

Water corporation is an example of ______?

A. Co-operative society
B. Public enterprise
C. Private enterprise
D. Limited company

Question 17:

• JAMB 2017

The concept that refers to the sale, transfer or exchange of goods and services is

A. Industry
B. Trade
C. Tariff
D. Marketing

Question 18:

• JAMB 2017

Production ends when goods and services ________

A. Reach the final consumer
B. Are used for manufacturing
C. Are packaged and labelled
D. Are sold to the middlemen

Question 19:

• JAMB 2017

What is the reward accruable to land?

A. Rent
B. Profits
C. Wages
D. Interest

Question 20:

• JAMB 2017

A demerit of communication is that it ________

A. Makes payment for goods cumbersome
B. Increase the cost of goods in transit
C. Give room for distortion of fact
D. Hinder quick reception of messages over a long distance