2003 - JAMB Commerce Past Questions and Answers - page 5
41
The basic functin of the Nigeria Ports Authority is to?
A
ensure that the right calibre of personnel is employed at the ports
B
coordinate and regulate the activities of shipping lines
C
facilitate and control the movement of goods and services into and out of the country
D
coordinate the activities of all the seaports in the country
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42
The concept that refers to the sale, transfer or exchange of goods and service is?
A
industry
B
trade
C
tariff
D
marketing
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43
A guarantee given by one person or party to another in which the integrity of the person is assured is?
A
fidelity
B
term assurance
C
subrogation
D
indemnity
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44
A firm that adapts itself to delivering the desired satisfaction more effectively than its competitors is said to be practicing?
A
price concept
B
distribution concept
C
product concept
D
markting concept
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45
The payment made periodically in respect of an insurance policy entered into is known as?
A
bond
B
commission
C
premium
D
surrender value
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46
An example of service rendered by NIPOST is?
A
electronic mail
B
couier
C
telephone
D
mail delivery
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47
The focal point of marketing is?
A
the competitior
B
the buyer
C
profit-making
D
sales
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48
The type of marine insurance which covers either damage or loss to the vessel and such as caused by it to other vessel is?
A
hull insurance
B
time insurance
C
freight insurance
D
cargo insurance
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49
The management function that makes the difference in intensity of behavior is?
A
coordinating
B
controlling
C
motivation
D
planning
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50
One of the functions of seaports is the provision of?
A
berthing and landing facilities
B
loading and off-loading facilities
C
control room for relaying radio messages
D
warehouses for storage of cargo
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