Elements of Business Management - Jamb Commerce Past Questions and Answers

Question 1:

• JAMB 1994

Commerce is defined as the study of how

A. Man utilizes the resources in his physical environment
B. Man produces, distributes and consumes his goods and services
C. Man buys, sells and distributes goods and services
D. Raw materials are changed into finished goods

Question 2:

• JAMB 1994

The harmonious relationship among the various units in an organization is ensured through

A. Co-ordination
B. Motivation
C. Planning
D. Leadership

Question 3:

• JAMB 1994

The principle of span of control stipulates that

A. An employee should report to only one superior
B. Manager must demand accountability from their surbordinates
C. Resources have to be economized within the various division
D. The number of employee reporting to one superior should be kept to workable maximum

Question 4:

• JAMB 1994

Which of the following makes other functions of business its appendages?

A. Production
B. Marketing
C. Finance
D. Personnel

Question 5:

• JAMB 2019

The function of management that establish objectives for the organization and trying to determine the best ways to accomplish them

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