Capital - Commerce Jamb Past Questions and Answers

Question 1 :

• JAMB 1994

Commerce is defined as the study of how

A. Man utilizes the resources in his physical environment
B. Man produces, distributes and consumes his goods and services
C. Man buys, sells and distributes goods and services
D. Raw materials are changed into finished goods

Question 2 :

• JAMB 2002

Capital as a factor of production can be used as?

A. Money that is regarded as assets
B. Goods that are useful in business
C. Input for further production
D. Services that provide satisfaction