Jamb Commerce 2017 Past Questions and Answers

Question 21:

• JAMB 2017

The function of commerce in relation to production is ______

A. Helping in the extraction of raw material from nature
B. Providing a link between the different stage of conversion of good
C. Yielding result
D. Satisfying

Question 22:

• JAMB 2017

An advantage of division of labour is _______?

A. Productivity and total output is increased
B. Monotony of task is eliminated
C. Loss of individual craftmanship is minimized
D. Interdependence of workers increase remuneration

Question 23:

• JAMB 2017

A major objective of all business resources is ______

A. Public relation
B. Profit sharing
C. Human relation
D. Profit making

Question 24:

• JAMB 2017

What document is required when a country imposes valorem import duties on goods?

A. Mail transfer
B. Shipping note
C. Bill of lading
D. Consular invoice

Question 25:

• 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