Principles - 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 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 3:

• JAMB 1999

The line function in a typical manufacturing enterprise is normally performed by the

A. Public relations department
B. Estate or properties department
C. Marketing department
D. Legal department

Question 4:

• JAMB 2002

An important principle of a good organization structure is

A. Ideal standard
B. Span control
C. Clarity of mission
D. Adequacy resources

Question 5:

• JAMB 2006

The limit of functions, activities and personnel that a supervisor can effectively manage in a business organization is?

A. Span of control
B. Delegation of authority
C. Chain of command
D. Authority and rsesponsibility