Jamb Commerce Past Questions and Answers

Question 991:

• JAMB 2012

The allocation of tasks to different skills in a production process is referred to as

A. Production technique
B. Production function
C. Division of labour
D. Delegation of responsibility

Question 992:

• JAMB 2012

The sales of goods through a medium that accepts money and delivers the items to the customer is

A. An automated teller machine
B. A vending machiine
C. A counting machine
D. A branding machine

Question 993:

• JAMB 2012

The main purpose of branding is to

A. Create identity for a product
B. Make a product look attractive
C. Create product awareness
D. Increase sales volume

Question 994:

• JAMB 2012

The basis for international trade is embedded in the principle of

A. Absolute advantage
B. Globalization
C. Deregulation
D. Comparative advantage

Question 995:

• JAMB 2012

The major problem encountered in international trade is that of

A. Distance
B. Differences in culture
C. Politics
D. Differences in currency