Jamb Commerce Past Questions and Answers

Question 1236:

• JAMB 2017

The factor of production that is relatively indestructible and immobile is _______?

A. Capital
B. Labour
C. Land
D. Rent

Question 1237:

• JAMB 2017

An instrument used in lieu of legal tender is known as ______?

A. Token money
B. Commodity money
C. Fiat money
D. Representative

Question 1238:

• JAMB 2017

At the collapse of a business enterprises, the person appointed to dispose off the assets is called ________?

A. An auctioneer
B. A broker
C. A liquidator
D. An auditor

Question 1239:

• JAMB 2017

The process of converting a non-profit making organisation to a profit-making business is ________?

A. Indigenisation
B. Privatisation
C. Deregulation
D. Commercialisation

Question 1240:

• JAMB 2017

The letters E and OE stands for __________?

A. Errors of exception
B. Errors and omissions excepted
C. Estimated and order error
D. End of error