2023 - JAMB Commerce Past Questions and Answers - page 6

51

The type of activity which turns processed raw materials into consumer and industrial goods is described as

A
extractive
B
processing
C
constructive
D
manufacturing
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52

Which of the following regulates and controls the activities in the Nigerian Stock Exchange?

A
CBN
B
BPE
C
SEC
D
NDIC
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53

The function of commerce in relation to production is

A
helping in the extraction of raw materials from nature
B
yielding result
C
providing a link between the different stage of conversion of good
D
satisfying
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54

Which is the fastes means of transportation?

A
road
B
air
C
rail
D
water
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55

The document that explains the types of shares available for sale to the public is

A
a prospectus
B
an invoice
C
closed indent
D
an open indent
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56

A major objective of all business resources is

A
human relation
B
profit making
C
public relation
D
profit sharing
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57

Risk bearing in business organisation is a function of the

A
manager
B
employee
C
entrepreneur
D
customers
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58

An advantage of division of labour is

A
productivity and total output is increased
B
monopoly od task is eliminated
C
interdependence of workers increase remuneration
D
loss of individual craftmanship is minimized
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59

One disadvantages of advertising is that it

A
could be misleading
B
decreases sales
C
reduces profit
D
causes over stocking
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60

A factor necessary for siting of a warehouse is nearness to

A
labour
B
consumers
C
capital
D
raw materials
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