Coms: 100 Commerce JAMB CBT Questions & Answers for 2025

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Question 1: Organizing trade fairs in Nigeria is the responsibility of .

A: National Directorate of Employment

B: Federal Ministry of Commerce

C: trade associations

D: chambers of commerce {correct answer for question number 1.}

E: chambers of commerce

Solution: The correct answer to the Jamb question number 1 is 'D' which is 'chambers of commerce '.

Question 2: Tourism serves the purpose of .

A: cross-cultural understanding and peaceful interaction

B: opening avenues for leaving the country

C: economic development and naturalization

D: exploiting the country’s natural endowment {correct answer for question number 2.}

E: exploiting the country’s natural endowment

Solution: The correct answer to the Jamb question number 2 is 'D' which is 'exploiting the country’s natural endowment'.

Question 3: A printed copy of processed information from the computer is the .

A: soft copy

B: file copy

C: scanned copy

D: hard copy {correct answer for question number 3.}

E: hard copy

Solution: The correct answer to the Jamb question number 3 is 'D' which is 'hard copy '.

Question 4: Digital computer is divided into .

A: analogue, hybrid and mini {correct answer for question number 4.}

B: super, mainframe, mini and micro

C: mainframe, hybrid and micro

D: super, mainframe, micro and analogue.

E: super, mainframe, micro and analogue.

Solution: The correct answer to the Jamb question number 4 is 'A' which is 'analogue, hybrid and mini '.

Question 5: An organization which focuses on consumer satisfaction is practicing .

A: consumerism

B: market segmentation

C: selling concept

D: marketing concept {correct answer for question number 5.}

E: marketing concept

Solution: The correct answer to the Jamb question number 5 is 'D' which is 'marketing concept '.

Question 6: A distinguishing characteristic of labour is that it is.

A: constant

B: expensive

C: mobile {correct answer for question number 6.}

D: cheap

E: cheap

Solution: The correct answer to the Jamb question number 6 is 'C' which is 'mobile'.

Question 7: A computer accessory through which information can be retrieved is the .

A: hard disk

B: input device

C: control unit

D: floppy disk {correct answer for question number 7.}

E: floppy disk

Solution: The correct answer to the Jamb question number 7 is 'D' which is 'floppy disk '.

Question 8: A document sent by a seller to inform a buyer about the prices of goods is the .

A: catalogue

B: price list {correct answer for question number 8.}

C: credit note

D: proforma invoice

E: proforma invoice

Solution: The correct answer to the Jamb question number 8 is 'B' which is 'price list'.

Question 9: An example of a non-insurable risk is .

A: burglary

B: speculation {correct answer for question number 9.}

C: fire

D: accident

E: accident

Solution: The correct answer to the Jamb question number 9 is 'B' which is 'speculation '.

Question 10: The commercialization of public enterprises aimed at.

A: increasing efficiency and making the enterprises self-sufficient {correct answer for question number 10.}

B: advertising a promoting the goods and services of the enterprises

C: increased assistance and patronage of the enterprises by the public

D: selling the goods and services of the enterprises.

E: selling the goods and services of the enterprises.

Solution: The correct answer to the Jamb question number 10 is 'A' which is 'increasing efficiency and making the enterprises self-sufficient'.

Question 11: The provision of quality and safe products which guarantee the health of consumers is an example of .

A: quality control {correct answer for question number 11.}

B: price control

C: civic responsibility

D: social responsibility

E: social responsibility

Solution: The correct answer to the Jamb question number 11 is 'A' which is 'quality control '.

Question 12: In Nigeria the ministry in charge of registering trade associations is that of .

A: industries

B: commerce {correct answer for question number 12.}

C: culture and tourism

D: finance.

E: finance.

Solution: The correct answer to the Jamb question number 12 is 'B' which is ' commerce '.

Question 13: The Nigerian Telecommunications Limited is a.

A: Jointly owned company

B: public corporation {correct answer for question number 13.}

C: privately owned company

D: public company.

E: public company.

Solution: The correct answer to the Jamb question number 13 is 'B' which is 'public corporation '.

Question 14: An instrument that is traded in the second-tier foreign exchange market is.



Question 15: The focal point of marketing is.

A: the competitor

B: the buyer

C: profit-making

D: sales {correct answer for question number 15.}

E: sales

Solution: The correct answer to the Jamb question number 15 is 'D' which is 'sales'.

Question 16: The excess of the assets over the liabilities of a business is called .

A: working capital {correct answer for question number 16.}

B: net worth

C: capital employed

D: initial capital

E: initial capital

Solution: The correct answer to the Jamb question number 16 is 'A' which is 'working capital'.

Question 17: The device which interprets and carries out the instructions presented to it by the computer program is known as.

A: software

B: microprocessor {correct answer for question number 17.}

C: mouse

D: hard-disk

E: hard-disk

Solution: The correct answer to the Jamb question number 17 is 'B' which is 'microprocessor'.

Question 18: An agent who takes title to goods and has authority to buy and sell on behalf of another is.

A: a jobber

B: a broker

C: a factor {correct answer for question number 18.}

D: an auctioneer.

E: an auctioneer.

Solution: The correct answer to the Jamb question number 18 is 'C' which is 'a factor'.

Question 19: The difference between total current assets and total current liabilities of a business is known as.

A: quick ratio

B: liquidity ratio

C: working capital {correct answer for question number 19.}

D: circulating capital.

E: circulating capital.

Solution: The correct answer to the Jamb question number 19 is 'C' which is 'working capital'.

Question 20: In international trade, exchanging goods for other goods and services purchased instead of paying in foreign currency is known as .

A: countertrade {correct answer for question number 20.}

B: balance of trade

C: balance of payments

D: terms of trade.

E: terms of trade.

Solution: The correct answer to the Jamb question number 20 is 'A' which is 'countertrade'.

Question 21: Which ‘FOB’ is written on a document, it implies that the buyer bears the .

A: cost of goods and advert

B: loading cost and insurance

C: insurance and transport costs {correct answer for question number 21.}

D: transport and communication costs

E: transport and communication costs

Solution: The correct answer to the Jamb question number 21 is 'C' which is 'insurance and transport costs'.

Question 22: Division of labour ultimately leads to .

A: conservation

B: integration

C: specialization {correct answer for question number 22.}

D: repetition

E: repetition

Solution: The correct answer to the Jamb question number 22 is 'C' which is 'specialization'.

Question 23: A document sent by a seller to inform a buyer about the prices of goods is the .

A: catalogue

B: price list {correct answer for question number 23.}

C: credit note

D: proforma invoice

E: proforma invoice

Solution: The correct answer to the Jamb question number 23 is 'B' which is 'price list'.

Question 24: An instrument that is traded in the second-tier foreign exchange market is.



Question 25: A transporter who had to sell some perishable goods without the prior authority of the owner becomes an agent by .

A: conduct

B: necessity {correct answer for question number 25.}

C: ratification

D: estoppel

E: estoppel

Solution: The correct answer to the Jamb question number 25 is 'B' which is 'necessity'.

Question 26: Capital as a factor of production can be used as.

A: money that is regarded as asset

B: goods that are useful in business

C: input for further production {correct answer for question number 26.}

D: services that provide satisfaction

E: services that provide satisfaction

Solution: The correct answer to the Jamb question number 26 is 'C' which is 'input for further production'.

Question 27: The documents used in the purchase and sale of goods which contain other terms of trade are.

A: debit note and credit note

B: delivery note and advice not

C: invoice and order {correct answer for question number 27.}

D: quotation and invoice.

E: quotation and invoice.

Solution: The correct answer to the Jamb question number 27 is 'C' which is 'invoice and order '.

Question 28: Entrepreneurship mainly involves.

A: risk-taking {correct answer for question number 28.}

B: initiating

C: skilled manpower

D: knowledge

E: knowledge

Solution: The correct answer to the Jamb question number 28 is 'A' which is 'risk-taking'.

Question 29: The environmental hazard that is most difficult to control is .

A: land pollution

B: water pollution

C: air pollution {correct answer for question number 29.}

D: political unrest

E: political unrest

Solution: The correct answer to the Jamb question number 29 is 'C' which is 'air pollution'.

Question 30: The primary objectives of a trade association is to.

A: undertake research work on behalf of members

B: establish easy link with government

C: exchange information and negotiate as a pressure group {correct answer for question number 30.}

D: operate as a group against other groups.

E: operate as a group against other groups.

Solution: The correct answer to the Jamb question number 30 is 'C' which is 'exchange information and negotiate as a pressure group'.

Question 31: The basis for international trade is embedded in the principle of .

A: absolute advantage

B: globalization

C: deregulation

D: comparative advantage {correct answer for question number 31.}

E: comparative advantage

Solution: The correct answer to the Jamb question number 31 is 'D' which is 'comparative advantage '.

Question 32: The document which must be endorsed by the ambassador of a country of destination before shipment of goods is a .

A: consular invoice

B: certificate of origin {correct answer for question number 32.}

C: bill of lading

D: closed indent

E: closed indent

Solution: The correct answer to the Jamb question number 32 is 'B' which is 'certificate of origin '.

Question 33: Which of the following is a function of employers’ association?.

A: Undertaking research on behalf of employees

B: Promotion of thrift in workers

C: Promotion of workers’ welfare {correct answer for question number 33.}

D: Dissemination of information through sponsored journals.

E: Dissemination of information through sponsored journals.

Solution: The correct answer to the Jamb question number 33 is 'C' which is 'Promotion of workers’ welfare'.

Question 34: The media used for inter-departmental communication include..

A: circulars, advertisement and notice boards

B: memoranda, circulars and the telephone {correct answer for question number 34.}

C: memoranda, advertising and face-to-face

D: memoranda, advertising and the grapevine

E: memoranda, advertising and the grapevine

Solution: The correct answer to the Jamb question number 34 is 'B' which is 'memoranda, circulars and the telephone'.

Question 35: One major advantage of transportation to a business is to.

A: extend the firm’s market coverage {correct answer for question number 35.}

B: ensure that goods are produced faster

C: procure raw materials cheaply

D: ensure the quality of products

E: ensure the quality of products

Solution: The correct answer to the Jamb question number 35 is 'A' which is 'extend the firm’s market coverage'.

Question 36: A written agreement for hiring a ship for transporting goods is a .

A: consular invoice

B: bill of lading

C: charter party {correct answer for question number 36.}

D: certificate of origin.

E: certificate of origin.

Solution: The correct answer to the Jamb question number 36 is 'C' which is 'charter party '.

Question 37: In Nigeria, the body that ensures that its members operate according to their professional ethics is the .

A: SON {correct answer for question number 37.}

B: NPF

C: MAN

D: NAFDAC

E: NAFDAC

Solution: The correct answer to the Jamb question number 37 is 'A' which is 'SON '.

Question 38: The concept which focuses on consumers in decision-making is .

A: selling concept

B: marketing concept {correct answer for question number 38.}

C: product concept

D: production concept

E: production concept

Solution: The correct answer to the Jamb question number 38 is 'B' which is 'marketing concept '.

Question 39: One of the reasons why wholesaling must continue is that.

A: the tax paid by wholesalers on their profit enhances national revenue

B: by creating artificial scarcity, the wholesaler is enhancing competition in the economy

C: the wholesaler provides technical advice to the retailer

D: the gap between manufacturers and retailers is reduced by wholesalers. {correct answer for question number 39.}

E: the gap between manufacturers and retailers is reduced by wholesalers.

Solution: The correct answer to the Jamb question number 39 is 'D' which is 'the gap between manufacturers and retailers is reduced by wholesalers.'.

Question 40: Awarding scholarships and sponsoring sports by a business organization are examples of.

A: advertising strategy

B: economic responsibility

C: marketing strategy {correct answer for question number 40.}

D: social responsibility

E: social responsibility

Solution: The correct answer to the Jamb question number 40 is 'C' which is 'marketing strategy'.

Question 41: Warehousing is a productive function because it increases the.

A: quantity of goods {correct answer for question number 41.}

B: utility of goods

C: quality of goods

D: price of goods.

E: price of goods.

Solution: The correct answer to the Jamb question number 41 is 'A' which is 'quantity of goods'.

Question 42: The main requirement for admission to the second-tier securities market is the .

A: provision of a three-year trading record

B: disclosure of all trading activities {correct answer for question number 42.}

C: creation of a good atmosphere for growth and development

D: guaranteeing of dividends to shareholders.

E: guaranteeing of dividends to shareholders.

Solution: The correct answer to the Jamb question number 42 is 'B' which is 'disclosure of all trading activities '.

Question 43: International fade takes place as a result of.

A: uniformity in costs of production

B: inequitable distribution of natural resources {correct answer for question number 43.}

C: parity in the level of industrialization

D: similarities in climatic conditions.

E: similarities in climatic conditions.

Solution: The correct answer to the Jamb question number 43 is 'B' which is 'inequitable distribution of natural resources'.

Question 44: Manufactures’ Association of Nigeria contributes to development by advising the government on.

A: industrial policy and harmony {correct answer for question number 44.}

B: budget and control

C: budget and industrial policy

D: environmental protection policy

E: environmental protection policy

Solution: The correct answer to the Jamb question number 44 is 'A' which is 'industrial policy and harmony '.

Question 45: Recognized members of the Stock Exchange who buy and sell securities on their own behalf are known as.

A: bolls

B: jobbers

C: brokers {correct answer for question number 45.}

D: stags.

E: stags.

Solution: The correct answer to the Jamb question number 45 is 'C' which is 'brokers'.

Question 46: The lumbering of trees by a furniture company is an example of.

A: primary production {correct answer for question number 46.}

B: secondary production

C: tertiary production

D: Indirect production

E: Indirect production

Solution: The correct answer to the Jamb question number 46 is 'A' which is 'primary production'.

Question 47: The essential utility derived from the use of a product is known as .

A: augmented benefit

B: branded benefit

C: core benefit {correct answer for question number 47.}

D: formal benefit

E: formal benefit

Solution: The correct answer to the Jamb question number 47 is 'C' which is 'core benefit '.

Question 48: An example of a trade association is .

A: ALGON {correct answer for question number 48.}

B: NLC

C: NURTW

D: NULGE

E: NULGE

Solution: The correct answer to the Jamb question number 48 is 'A' which is 'ALGON'.

Question 49: The document lodged with the customs authorities before a ship can leave the port is a .

A: shipping note

B: ship report

C: ship manifest {correct answer for question number 49.}

D: dock warrant

E: dock warrant

Solution: The correct answer to the Jamb question number 49 is 'C' which is 'ship manifest'.

Question 50: Division of labour ultimately leads to .

A: conservation

B: integration

C: specialization {correct answer for question number 50.}

D: repetition

E: repetition

Solution: The correct answer to the Jamb question number 50 is 'C' which is 'specialization'.

Question 51: The type of labour that makes use of physical effort in production processes is the .

A: unskilled labour {correct answer for question number 51.}

B: skilled labour

C: blue-collar job

D: white-collar job

E: white-collar job

Solution: The correct answer to the Jamb question number 51 is 'A' which is 'unskilled labour'.

Question 52: One of the functions of the wholesalers is to .

A: forecast prices

B: reduce prices of goods

C: political unrest {correct answer for question number 52.}

D: analyse sales periodically

E: analyse sales periodically

Solution: The correct answer to the Jamb question number 52 is 'C' which is 'political unrest '.

Question 53: A type of long-term loan granted to companies with fixed interest as well as with redeemable and irredeemable features is referred to as.

A: a debenture {correct answer for question number 53.}

B: a bond

C: a term loan

D: an overdraft

E: an overdraft

Solution: The correct answer to the Jamb question number 53 is 'A' which is 'a debenture'.

Question 54: An example of a trade association is .

A: ALGON {correct answer for question number 54.}

B: NLC

C: NURTW

D: NULGE

E: NULGE

Solution: The correct answer to the Jamb question number 54 is 'A' which is 'ALGON'.

Question 55: In the primary market, new shares are issued through .

A: personal selling, publicity and advertising

B: a prospectus, an offer for sale and a bill of exchange {correct answer for question number 55.}

C: advertising, a prospectus and a bill of exchange

D: a prospectus, an offer for sale and placing

E: a prospectus, an offer for sale and placing

Solution: The correct answer to the Jamb question number 55 is 'B' which is 'a prospectus, an offer for sale and a bill of exchange '.

Question 56: I. Wholesaling II. Fishing III. Canning IV. Retailing The sequence in which the occupational activities above are performed is.

A: Ill, II, I and IV

B: Ill, I, IV and II

C: I, II, III and IV

D: II, III, I and IV. {correct answer for question number 56.}

E: II, III, I and IV.

Solution: The correct answer to the Jamb question number 56 is 'D' which is 'II, III, I and IV.'.

Question 57: One of the inputs in production that can be motivated by remuneration is .

A: capital

B: entrepreneur

C: labour {correct answer for question number 57.}

D: land

E: land

Solution: The correct answer to the Jamb question number 57 is 'C' which is 'labour '.

Question 58: The art of soap-making is an example of .

A: Primary occupation

B: Secondary occupation {correct answer for question number 58.}

C: Tertiary occupation

D: Construction occupation

E: Construction occupation

Solution: The correct answer to the Jamb question number 58 is 'B' which is 'Secondary occupation '.

Question 59: The safety and quality of products are the social responsibility of .

A: the Standards Organization of Nigeria {correct answer for question number 59.}

B: the Manufacturers Association of Nigeria

C: the Corporate Affairs Commission

D: business organizations.

E: business organizations.

Solution: The correct answer to the Jamb question number 59 is 'A' which is 'the Standards Organization of Nigeria '.

Question 60: A risk that can be estimated and calculated to be compensated is .

A: a delivery risk

B: an insurable risk {correct answer for question number 60.}

C: a credit risk

D: a systematic risk

E: a systematic risk

Solution: The correct answer to the Jamb question number 60 is 'B' which is 'an insurable risk'.

Question 61: The computer that functions by taking discrete numbers and performing mathematical calculations is called .

A: mainframe

B: digital

C: hybride {correct answer for question number 61.}

D: analogue.

E: analogue.

Solution: The correct answer to the Jamb question number 61 is 'C' which is 'hybride'.

Question 62: Which part of the computer system does the keyboard device belong to? .

A: Output unit

B: Logic unit

C: Input unit {correct answer for question number 62.}

D: Control unit.

E: Control unit.

Solution: The correct answer to the Jamb question number 62 is 'C' which is 'Input unit '.

Question 63: Ships used for international transport are .

A: trawlers

B: yachts

C: ocean liners {correct answer for question number 63.}

D: launchers

E: launchers

Solution: The correct answer to the Jamb question number 63 is 'C' which is 'ocean liners '.

Question 64: Which of the following is a quality of money? .

A: Availability {correct answer for question number 64.}

B: Scarcity

C: Indivisibility

D: Convertibility

E: Convertibility

Solution: The correct answer to the Jamb question number 64 is 'A' which is 'Availability'.

Question 65: Which of the following is a limitation of division of labour? .

A: decline in craftsmanship

B: monotony of work

C: reduction in output

D: reduction in labour force {correct answer for question number 65.}

E: reduction in labour force

Solution: The correct answer to the Jamb question number 65 is 'D' which is 'reduction in labour force'.

Question 66: A formal letter to a dealer to enquire details about certain items for sale is referred to as.

A: an inquiry {correct answer for question number 66.}

B: an invoice

C: an order

D: a quotation

E: a quotation

Solution: The correct answer to the Jamb question number 66 is 'A' which is 'an inquiry'.

Question 67: Okeze contracted to sell TV sets to Ojo. Unknown to them, the sets were stolen in transit. This contract may be terminated on the grounds of.

A: bankruptcy

B: frustration {correct answer for question number 67.}

C: fraudulence

D: breach of contract.

E: breach of contract.

Solution: The correct answer to the Jamb question number 67 is 'B' which is 'frustration'.

Question 68: The symbol @ in an internet mail address is used to .

A: separate the user name from the machine name

B: link the user with other internet users

C: locate the addresses of internet uses {correct answer for question number 68.}

D: link the user with the machine.

E: link the user with the machine.

Solution: The correct answer to the Jamb question number 68 is 'C' which is 'locate the addresses of internet uses '.

Question 69: The role of customs and excise authority includes the .

A: provision of a good transport system to facilitate imports and exports

B: provision of security at the port

C: control of the flow of goods in and out of the country {correct answer for question number 69.}

D: provision of dockyards for ship repairs

E: provision of dockyards for ship repairs

Solution: The correct answer to the Jamb question number 69 is 'C' which is 'control of the flow of goods in and out of the country '.

Question 70: The management function that makes the difference in intensity of behaviour is.

A: coordinating

B: controlling

C: motivation {correct answer for question number 70.}

D: planning

E: planning

Solution: The correct answer to the Jamb question number 70 is 'C' which is 'motivation'.

Question 71: The difference between indemnity insurance and non-indemnity insurance is that the latter provides .

A: cover for exporters against risks

B: cover for importers against risks

C: full payment to the insured

D: consolation payment to the insured {correct answer for question number 71.}

E: consolation payment to the insured

Solution: The correct answer to the Jamb question number 71 is 'D' which is 'consolation payment to the insured '.

Question 72: Mr. Lawal insured his warehouse against burglary but it was later gutted buy fire. This implies that .

A: the loss should be borne by the insurer

B: Mr. Lawal is liable only for half of the estimated loss

C: the insurer should make a consolation payment for the loss

D: the loss should be borne by Mr. Lawal {correct answer for question number 72.}

E: the loss should be borne by Mr. Lawal

Solution: The correct answer to the Jamb question number 72 is 'D' which is 'the loss should be borne by Mr. Lawal'.

Question 73: A cheque that has been drawn but not presented for payment can still be honoured .

A: within 6 months {correct answer for question number 73.}

B: after 9 months

C: within 9 months

D: after 6 months

E: after 6 months

Solution: The correct answer to the Jamb question number 73 is 'A' which is 'within 6 months '.

Question 74: Tourism serves the purpose of .

A: cross-cultural understanding and peaceful interaction

B: opening avenues for leaving the country

C: economic development and naturalization

D: exploiting the country’s natural endowment {correct answer for question number 74.}

E: exploiting the country’s natural endowment

Solution: The correct answer to the Jamb question number 74 is 'D' which is 'exploiting the country’s natural endowment'.

Question 75: A major function of an entrepreneur is.

A: decision-making {correct answer for question number 75.}

B: encouraging competition

C: human-resource training

D: motivating employees.

E: motivating employees.

Solution: The correct answer to the Jamb question number 75 is 'A' which is 'decision-making '.

Question 76: An importance of warehousing is in the .

A: production of goods {correct answer for question number 76.}

B: transportation of goods

C: Importation of goods

D: repackaging of goods

E: repackaging of goods

Solution: The correct answer to the Jamb question number 76 is 'A' which is 'production of goods '.

Question 77: The difference between personal selling and sales promotion is that while sales promotion includes free gifts and samples, personal selling involves.

A: distributing instructional posters

B: face-to-face communication with customers {correct answer for question number 77.}

C: premium programming for customers

D: publishing promotional booklets.

E: publishing promotional booklets.

Solution: The correct answer to the Jamb question number 77 is 'B' which is 'face-to-face communication with customers'.

Question 78: The principle of insurance which entitles an insurance company to take any advantage due to the insured after full indemnity is .

A: contribution

B: subrogation {correct answer for question number 78.}

C: proximate cause

D: utmost good faith

E: utmost good faith

Solution: The correct answer to the Jamb question number 78 is 'B' which is 'subrogation '.

Question 79: To increase the supply of money in a country, the central bank has to .

A: reduce cash ratio {correct answer for question number 79.}

B: sell securities in the open market

C: call on special deposits

D: raise cash ratio.

E: raise cash ratio.

Solution: The correct answer to the Jamb question number 79 is 'A' which is 'reduce cash ratio'.

Question 80: Manufacturing and construction activities are class8ified under.

A: Primary production

B: Tertiary production

C: secondary production {correct answer for question number 80.}

D: direct production

E: direct production

Solution: The correct answer to the Jamb question number 80 is 'C' which is 'secondary production'.

Question 81: A body established to protect the interest of members against the exploitation of retail traders and manufacturers is the .

A: wholesalers association

B: consumer’s association {correct answer for question number 81.}

C: government agency

D: workers’ union

E: workers’ union

Solution: The correct answer to the Jamb question number 81 is 'B' which is 'consumer’s association '.

Question 82: A document which gives a legal status to a company is the certificate of .

A: incorporation {correct answer for question number 82.}

B: trading

C: commencement of business

D: business registration

E: business registration

Solution: The correct answer to the Jamb question number 82 is 'A' which is 'incorporation '.

Question 83: The final link in the chain of distribution is .

A: Middlemen

B: wholesaling

C: consumer {correct answer for question number 83.}

D: retailing

E: retailing

Solution: The correct answer to the Jamb question number 83 is 'C' which is 'consumer '.

Question 84: A characteristic of money which ensures that its value is not lost is .

A: homogeneity

B: easy portability

C: divisibility

D: relative scarcity {correct answer for question number 84.}

E: relative scarcity

Solution: The correct answer to the Jamb question number 84 is 'D' which is 'relative scarcity '.

Question 85: Which of the following is a matter of personal preference on the part of a superior officer?.

A: Unity of command

B: span of control

C: delegation of authority {correct answer for question number 85.}

D: unity of direction

E: unity of direction

Solution: The correct answer to the Jamb question number 85 is 'C' which is 'delegation of authority '.

Question 86: If Mr. Bacus fulfils his promise, he will be entitled to a cash discount of.

A: N= 2,760

B: N= 3,000 {correct answer for question number 86.}

C: N= 6,500

D: N= 9,500.

E: N= 9,500.

Solution: The correct answer to the Jamb question number 86 is 'B' which is 'N= 3,000'.

Question 87: The primary objectives of a trade association is to.

A: undertake research work on behalf of members

B: establish easy link with government

C: exchange information and negotiate as a pressure group {correct answer for question number 87.}

D: operate as a group against other groups.

E: operate as a group against other groups.

Solution: The correct answer to the Jamb question number 87 is 'C' which is 'exchange information and negotiate as a pressure group'.

Question 88: The major source of income to commercial banks is .

A: loans

B: deposits {correct answer for question number 88.}

C: interests

D: overdrafts

E: overdrafts

Solution: The correct answer to the Jamb question number 88 is 'B' which is 'deposits '.

Question 89: A feature common to public and private limited liability companies is that .

A: both can sue and be sued {correct answer for question number 89.}

B: the minimum number of their shareholders is five

C: the transfer of their shares is not restricted

D: their annual accounts are published for public use

E: their annual accounts are published for public use

Solution: The correct answer to the Jamb question number 89 is 'A' which is 'both can sue and be sued '.

Question 90: Goods are of merchantable quality if they.



Question 91: A pattern that shows the kinds of participants involved in the production, distribution and ultimate use of a product is referred to as.

A: selection

B: strategy {correct answer for question number 91.}

C: structure

D: synergy

E: synergy

Solution: The correct answer to the Jamb question number 91 is 'B' which is 'strategy'.

Question 92: An essential factor for evaluating the different sources of funds for a business is the.

A: decree establishing the business

B: ownership structure of the business concern {correct answer for question number 92.}

C: size and the type of the business

D: burden of cost and repayment

E: burden of cost and repayment

Solution: The correct answer to the Jamb question number 92 is 'B' which is 'ownership structure of the business concern'.

Question 93: The current trends in retailing competition in Nigeria are.

A: advertising and sales promotion strategies {correct answer for question number 93.}

B: branding, enterprising and differentiation of goods and services

C: self-service, after-sales services and branding strategies

D: after-sales services and sales promotion strategies.

E: after-sales services and sales promotion strategies.

Solution: The correct answer to the Jamb question number 93 is 'A' which is 'advertising and sales promotion strategies'.

Question 94: Which of these factors of production is relatively fixed in supply?.

A: Capital

B: Entrepreneur

C: Human resources

D: Natural resources {correct answer for question number 94.}

E: Natural resources

Solution: The correct answer to the Jamb question number 94 is 'D' which is 'Natural resources'.

Question 95: The final link in the chain of distribution is .

A: Middlemen

B: wholesaling

C: consumer {correct answer for question number 95.}

D: retailing

E: retailing

Solution: The correct answer to the Jamb question number 95 is 'C' which is 'consumer '.

Question 96: The conversion of raw materials into finished goods leads to the creation of .

A: form utility {correct answer for question number 96.}

B: product utility

C: possession utility

D: place utility

E: place utility

Solution: The correct answer to the Jamb question number 96 is 'A' which is 'form utility '.

Question 97: Which of the following will NOT be stated in a Memorandum of Association? .

A: Name clause

B: Rights of shareholders

C: object clause

D: Registered office {correct answer for question number 97.}

E: Registered office

Solution: The correct answer to the Jamb question number 97 is 'D' which is 'Registered office'.

Question 98: A group of specialized functions of marketing is.

A: buying, selling, storing and information

B: buying, selling, advertising and packaging

C: buying, selling, labelling and promotion {correct answer for question number 98.}

D: buying, selling, skimming and pricing.

E: buying, selling, skimming and pricing.

Solution: The correct answer to the Jamb question number 98 is 'C' which is 'buying, selling, labelling and promotion'.

Question 99: One of the advantages of commercialization is that it.

A: encourages entrepreneurship {correct answer for question number 99.}

B: increases the salaries of workers

C: motivates government to establish more businesses

D: gives workers on-the-job training

E: gives workers on-the-job training

Solution: The correct answer to the Jamb question number 99 is 'A' which is 'encourages entrepreneurship'.

Question 100: One of the most important function of marketing is.

A: encouraging research activities to meet needs {correct answer for question number 100.}

B: creating classes of merchants among businessmen

C: the extension of markets for businesses

D: providing finances to businesses

E: providing finances to businesses

Solution: The correct answer to the Jamb question number 100 is 'A' which is 'encouraging research activities to meet needs'.