Commerce JAMB, WAEC, NECO AND NABTEB Official Past Questions

988

(a) State five merits of co-operative societies

(b) Explain five procedure to be followed in the formation of a Private Limited Company 

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989

Explain the following retail outlets:

(i) department store (ii) mobile shop (iii) chain store (iv) mail order business (v) supermarket 
 

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990

(a) Define communication

(b) List six means of communication in business

(c) In what four ways is communication important to business? 
 

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991

(a) What is E-Commerce

(b) State four advantages and four disadvantages of privatization 
 

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992
Use the following information to answer the following questions:

 Items

Le

Debtor

30,000

Cash in hand

6,750

Plant and machinery

72,000

Motor van

31,000

Stock of raw materials

12,000

Loan

50,000

Trade creditors

43,000

Calculate

(a) The liquid capital for the business

(b) The fixed assets

(c) Teesan Enterprise’s capital or statement of affairs as at 31/10/2010.

(d) The working capital for Teesan Enterprises Ltd. 

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993

(a) Define a contract.

(b) State and explain four reasons for consumer protection.
 

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994

(a) What is second-tier security market?

(b) Discuss four advantages of the second-tier security market.

(c) State five requirements for trading in a second-tier security market.

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995

(a) Briefly state and explain four ways in which marketing is important to a business.

(b) List and explain four promotional tools Jones Ltd could use.

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996

 (a) Draw up an organisational chart of Adama’s Pure Water Production Ltd.

(b) Briefly state two functions each of the following departments of the company:

(i)Accounts (ii) Administration (iii) Marketing (iv) Production 

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997

In a tabular form, state the differences between public enterprise and public company.

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998

(a) Discuss any five factors to be considered by Mr. Touray in locating his shop.

(b) Explain five ways a wholesaler can aid Mr. Touray’s business. 

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999

(a) List and explain two factors that limit the application of division of labour.

(b) Enumerate two disadvantages of division of labour.

(c) Discuss five advantages of division of labour.

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1000

The type of wholesaler that combines selling, delivery and collection in one operation is

  • A. specialist wholesaler
  • B. rack jobber
  • C. drop shipment
  • D. truck wholesaler
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1001

Which of the following is NOT backed by gold but by government securites?

  • A. Fiduciary note
  • B. Token money
  • C. Commodity money
  • D. Fiat money
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1002

The minimum lending rate of a bank is a component of its

  • A. current assets
  • B. debit balances
  • C. credit balance
  • D. fixed assets
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1003

The minimum lending rate of a bank is a component of its

  • A. current assets
  • B. debit balances
  • C. credit balance
  • D. fixed assets
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1004

Labour as an input in production can be motivated by

  • A. training
  • B. profit
  • C. remuneration
  • D. promotion
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1005

Which of the following is a legal tender?

  • A. Cheque
  • B. Travellers cheque
  • C. Bank note
  • D. Goldsmith receipt
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1006

the fee paid for transporting goods by ship is

  • A. fare
  • B. freight
  • C. demurrage
  • D. charges
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1007

which of the following is a document of title of goods 

  • A. bill of exchange
  • B. bill of entry
  • C. letter of hypothecation
  • D. bill of lading
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1008

which of the following is a reason for failure of public corporations

  • A. legal requirement
  • B. inadequate funding
  • C. political stability
  • D. lack of competion
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