Jamb Commerce Past Questions and Answers

Question 1276:

• JAMB 2017

The business unit that applies the principle of one man, one vote is ______

A. Sole proprietorship
B. Partnership
C. Public company
D. Co-operative society

Question 1277:

• JAMB 2017

The type of activity which turns processed raw materials into consumer and industrial goods is described as ________

A. Extractive
B. Manufacturing
C. Constructive
D. Processing

Question 1278:

• JAMB 2017

Land as a factor of production does not vary in _______

A. Quantity
B. Nature
C. Quality
D. Cost

Question 1279:

• JAMB 2017

The effects of devaluation includes all except _______

A. Exports become cheaper
B. Expansion of local industries
C. Increase in standard of living
D. Increase in import

Question 1280:

• JAMB 2017

The production of goods and services in anticipation of demand is made possible by _______

A. Packaging
B. Warehousing
C. Branding
D. Advertising