Jamb Commerce Past Questions and Answers

Question 561:

• JAMB 2003

One of the requirements necessary for setting up a business is?

A. Registration
B. Advertisement
C. Knowledge of the business
D. Documentation

Question 562:

• JAMB 2003

The assembling of products into usable forms is known as?

A. Construction
B. Manufacturing
C. Formation
D. Creation

Question 563:

• JAMB 2003

The government policy thrust on the business environment is to?

A. Promote experts
B. Attract investors
C. Be self-sufficient
D. Increase production

Question 564:

• JAMB 2003

The act of a person employing another to enter into a contract on his behalf is known as?

A. Business
B. Sale of goods
C. Bilateral agreement
D. Agency

Question 565:

• JAMB 2003

Social responsibility of an organization to?

A. Tackle the socio-economic problem of its community
B. Meet the needs of its community
C. Contribute to sustaining and developing its community
D. Operate without disrupting the very essence of the enviroment