Jamb Commerce Past Questions and Answers

Question 616:

• JAMB 2004

The merger of a textile mill, a cement company and a tannery is referred to as?

A. Conglomerate merger
B. Horizontal merger
C. Lateral merger
D. Vertiical merger

Question 617:

• JAMB 2004

The most important function of commerce is?

A. Helping people to improve thir profits
B. Facilitaing exchanges among indiviuals and firms
C. Assisting trade through banking and insurance
D. Enhancing business relationships

Question 618:

• JAMB 2004

The acronym PLC is used to identify a?

A. Company limited by shares
B. Private company limited by shares
C. Public company limited by shares
D. Company limited by guarantee

Question 619:

• JAMB 2004

Commerce includes all the occupations concerned with?

A. Sales
B. Production
C. Marketing
D. Distribution

Question 620:

• JAMB 2004

Factors of production can be described as the?

A. Resources required for the provision of goods and services
B. Skills involves in deciding and directing the flow of goods
C. Monetary tools employed by government to ensure stable production
D. Elements involved in the process of formulating policies on production