2016 JAMB Commerce Past Questions

The form of credit sales common to low income groups is

Petrol voucher is an example of

One of the major reasons for merger is to

A major function of commerce is to

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

Where a manufacturer collects money from wholesalers in exchange for goods produced is referred to as

Quantity discount is offered mainly to persuade the buyer to

The placement of workers based on their qualifications can be categorised under

A group of computers that exchange data is referred to as

An association that acts as a watchdog between enterpreneurs and government to protect trade from any unfavourable laws is said to be a

Labour as an input in production can be motivated by

Discharging certain duties by an organisation to the public to gain high patronage is a concern of financial responsibility

Complying with the rules relating to the conduct of business activities in a country is an aspect of

Which of the following is a legal tender?

One of the factors of determining the volume of production is

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

Which of the following is the best method for computing working capital?

One of the functions of the Nigerian Ports Authority is that it

An ancillary to trade which promotes socio-cultural development all over the world is

When expenses on trading are deducted, the result is the

A supplier of flour who intends to sign a contract with a baker through post can establish a binding agreement only

Which of the following is a modern trend in retailing?

Which of the following is a traditional medium of communication used to mark festivals?

One of the functions of the retailer is

A document that serves as an instrument for preferential tariff is referred to as

Funds used for paying wages, salaries and payments for raw materials are categorised under

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

The pricing policy that seeks to set prices relatively high in order to attract the wealthy segment of the market is

In the transportation industry, dead freight is used to describe the

Avast is an example of

The component of the balance of payments which shows how the balance of both current and capital accounts are settled is known as

The act of interpreting ideas within an organisation is

One of the duties of the employer to his employee is to

The buying and selling of goods and services is referred to as

The transformation of cotton into clothings is an example of

A basic concept of advertising that reveals the essential message an advertiser wishes to communicate is referred to as the

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

Given,

The formula above can be used to determine the

Commission on turnover is usually a benefit accruable to the

The winding up of a firm by a resolution of its shareholders is an example of

Which of the following is used for temporary storage of data on a computer?

An advantage of the Second-Tier Securities Market to an economy is in

The lumbering of trees by a furniture company is an example of

Which of the following types of occupation involues services that can be referred to as auxiliaries trade?

The cost which is incurred as a result of failure to load or unload a ship at the ports within a specified period is referred to as

The process whereby a firm directs its marketing efforts towards a single market by the use of a particular marketing mix is referred to as

The function of money that is mostly affected by inflation is

Ordinary warehouse is usually owned and used by

Find the current ratio 

What is the owner’s equity?