Jamb Commerce 2023 Past Questions and Answers

Question 16:

• JAMB 2023

The production of goods and services in anticipation of demand is made possible by

A. Warehousing
B. Packaging
C. Branding
D. Advertising

Question 17:

• JAMB 2023

The business unit that applies the principle of one man vote is

A. Public company
B. Partnership
C. Co-operative society
D. Sole properitorship

Question 18:

• JAMB 2023

A partnership is dissolved due to

A. Resignation of an employee
B. Liquidity of the firm
C. Death of the employee
D. Insanity of a partner

Question 19:

• JAMB 2023

The effects of devaluation includes all except

A. Expansion of local industries
B. Increase in import
C. Increase in standard of living
D. Exports become cheaper

Question 20:

• JAMB 2023

A major function of trade association is to

A. Foster cooperation among members
B. Establish a link among member
C. Assist members to buy cars
D. Help individuals to set up small business