Safe products, philanthropic and societal consideration - 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 1994

When an oil exploring and mining company builds a health center in one of the communities where it operates, such a company is

A. Currying favour from local people
B. Finding a way to spend resonsibility
C. Fulfilling part of its social responsibilty
D. Invest its idle funds

Question 3:

• JAMB 1994

A demonstration of social responsibility by a business is the payment of

A. Taxes to government
B. Dividends to shareholders
C. Interests on loans
D. Premium on insurance

Question 4:

• JAMB 1994

When an oil exploring and mining company builds a health center in one of the communities where it operates, such a company is

A. Currying favour from local people
B. Finding a way to spend resonsibility
C. Fulfilling part of its social responsibilty
D. Invest its idle funds

Question 5:

• JAMB 1997

Social responsibility of business requires enterprises to

A. Hold annual social parties for the public
B. Draw their workers only from the immediate environment
C. Address themselves to issues relating to the society
D. Set up social welfare centers in their areas of operation