Planning - Jamb Commerce 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 2019

The function of management that establish objectives for the organization and trying to determine the best ways to accomplish them

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

Question 3:

• JAMB 1997

In a business organization, the annual operation plan or budget is a form of

A. Casual plan
B. Medium-term plan
C. Long-term plan
D. Short-term plan

Question 4:

• JAMB 2006

The setting of objectives for an organization and determining how to accomplish them is?

A. Social responsibility
B. Planning
C. Organizing
D. Decision-making

Question 5:

• JAMB 2019

The function of management that establish objectives for the organization and trying to determine the best ways to accomplish them

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