Jamb Commerce Past Questions and Answers

Question 1451:

• JAMB 2019

The Sole aim of government owned business is to

A. Make profit
B. Provide services to the public
C. Spread environmental pollution
D. Manage action

Question 1452:

• JAMB 2019

Which function of money is described in the following statement?
It serves as a medium through which business transactions are carried out

A. Standard for deferred payments s
B. Medium of exchange
C. Store of value
D. Unit of account

Question 1453:

• JAMB 2019

Someone traveling abroad for at least "twenty - four hours" and a maximum stay of six months is known as

A. Transportation
B. Tourism
C. International trade
D. Domestic tourism

Question 1454:

• JAMB 2021

The function of a merchant wholesaler is to ____________

A. Find markets for producers' finished goods
B. Bring buyers and sellers together
C. Possess title to the goods, store and sell to retailers
D. Buy in bulk, store and sell to retailers as desired

Question 1455:

• JAMB 2021

Departmentalization is an aspect of

A. Directing
B. Organizing
C. Planning
D. Controlling