Commerce JAMB, WAEC, NECO AND NABTEB Official Past Questions

757

A company is qouted on the stock exchange when its shares are?

  • A. put under private payment
  • B. not for sale to the public
  • C. listed for sale on the exchange
  • D. owned by the government
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758

which of the following is the modern means of communication

  • A. grape vine
  • B. email
  • C. whistles
  • D. town crier
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759

How many countries form ECOWAS

  • A. 17
  • B. 16
  • C. 15
  • D. 14
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760

The provision of scholarship by a firm to needy students is part of its?

  • A. political responsibility
  • B. economic responsibility
  • C. social responsibility
  • D. legal reponsibility
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761

The provision of scholarship by a firm to needy students is part of its?

  • A. political responsibility
  • B. economic responsibility
  • C. social responsibility
  • D. legal responsibility
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762

a transfer of authority from a superior officer to his subordinate in an organisation is?

  • A. controlling
  • B. decentralization
  • C. delegation
  • D. directing
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763

an advantage of privatizing a firm is that it?

  • A. becomes more efficient
  • B. sells goods at low prices
  • C. employs more workers
  • D. attracts more customers
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764

Activities undertaken to creat awareness of a product by giving out samples or gifts is?

  • A. marketing mix
  • B. marketing concepts
  • C. window display
  • D. sales promotion
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765

which of the following functions is not performed by the export promption council

  • A. prevention of importation of harmful goods
  • B. provision of credit facilities to exporters
  • C. provision of technical advice to exporters
  • D. creation of export free zones
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766

a bank draft is a cheque drawn by a bank on?

  • A. another bank
  • B. itself
  • C. creditors
  • D. customers' deposits
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767

A government legislation which ensures that quality goods and services are available  to customers is?

  • A. hire purchase act
  • B. copyright act
  • C. price control act
  • D. standard organisation act
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768

An advertisement method whose objective is to convince customers to buy a product  is?

  • A. informative advertisement
  • B. persuasive advertising
  • C. competitive advertising
  • D. mass advertisement
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769

commercial agents who are authorized to keep goods untill they are sold are?

  • A. factors
  • B. distributors
  • C. brokers
  • D. auctioneers
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770

A shipping document detailing the charges for carrying a particular cargo for a specified voyage is?

  • A. dock warrant
  • B. freight note
  • C. bill of lading
  • D. mate's receipt
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771

A method of buying in anticipation of price fluctuation in the commodity market is?

  • A. speculation
  • B. arbitrage
  • C. contango
  • D. hedging
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772

which of the following is not a component of the marketing mix

  • A. price
  • B. place
  • C. population
  • D. product
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773

An individual  employed to act on behalf of another within a specified guideline is?

  • A. a jobber
  • B. an agent
  • C. a broker
  • D. a distributor
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774

A contract terminated by the occurence of an event which makes performance impossible is discharged by? 

  • A. breach
  • B. agreement
  • C. frustration
  • D. performance
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775

A cheap means of carrying bulky goods over long distance is by?

  • A. rail
  • B. road
  • C. air
  • D. pipeline
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776

informative advertisig is aimed at?

  • A. giving advice on the use of a product
  • B. influencing customers to buy a product
  • C. giving gifts to attract customers
  • D. encouraging specific customers to buy a product
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777

A document of title to goods written by the ship owner specifying that certain goods are being conveyed in the ship is the?

  • A. bill of sale
  • B. bill of sight
  • C. bill of entry
  • D. bill of lading
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