Jamb Commerce Past Questions and Answers

Question 481:

• JAMB 2001

One of the obstacles to achieving the objectives of ECOWAS is?

A. Lack of a common currency
B. Colonial linkages
C. Sovereignty of states
D. Language differences

Question 482:

• JAMB 2002

The most important factor that delayed the development of commerce in Nigeria was?

A. A.the inefficient means of communication
B. That there were few entrepreneurs
C. That there were few developed markets
D. Secondary production has to do with changing the?

Question 483:

• JAMB 2002

The most important factor that delayed the development of commerce in Nigeria was?

A. A.the inefficient means of communication
B. That there were few entrepreneurs
C. That there were few developed markets
D. Secondary production has to do with changing the?

Question 484:

• JAMB 2002

Secondary production has to do with changing the?

A. Shape of raw materials through construction operations
B. Physical form of raw materials into finished goods
C. Utility of raw materials by an engineering process
D. Nature of raw materials through manufacturing processes

Question 485:

• JAMB 2002

The major responsibility of an entrepreneur is?

A. Employing all factors of production in the business
B. Coordinating and determining the proportion of what to produce
C. Planning and organizing all activities in the business
D. Directing and controlling all the affairs of the business