Jamb Commerce Past Questions and Answers

Question 706:

• JAMB 2006

Capital to a business is technically?

A. An expense
B. Availiability of local market
C. An assets
D. A porfit

Question 707:

• JAMB 2006

i. Wholesaler
ii. Fishing
iii. Canning
iv. Retailing
The sequence in which the occupational activities above are performed is?

A. Iii, ii, i and iv
B. Iii, i, iv and ii
C. I, ii, iii and iv
D. Ii, iii, i and iv

Question 708:

• JAMB 2006

The development of commerce resulted from?

A. Trading
B. Competition
C. Importation
D. Specialization

Question 709:

• JAMB 2006

The difference between a private and public limited liability company is that the former?

A. Is unable to offer shares to the public
B. Is unable to declare and pay dividend
C. Has a higher number of shareholders
D. Pays higher salaries to its managers

Question 710:

• JAMB 2006

Materials used for further production of goods and services are known as?

A. Export goods
B. Intermediate goods
C. Capital goods
D. Consumer goods