Commerce Jamb CBT 2 Only

The direct authority of a superior over his subordinate is known as

Which of the following must be present in an agency by agreement?

A store house where contraband goods seized are kept is

A functional structure is an organizational structure in which

An agreement to sell is distinguishable from a sale because in the former, the transfer of goods is

The major responsibility of an entrepreneur is

Departmentalization is an aspect of

Commerce is defined as the study of how

A distinguishing characteristic of labour is that it is

The significance of money to modern economic system is that it

Which of the following best describes the Scope of Commerce?

Land as a factor of production does not vary in

A form of money that has gone out of use is

Commerce includes all the occupations concerned with

The reward for capital as a factor of production is

Money can simply be referred to as a

An advertising agent is engaged in

Production is said to be complete only when the goods reach the

Which of the following is not a function of commercial banks?

Which of the following is an industrial occupation?

The reward for entrepreneurship as a factor of production is

The management functions of evaluation whether objectives are being achieved is

A major liability of a commercial bank arises from

An example of indirect service is rendered by

The application of division of labour should generally bring about

Management is described as

Commercial banks are referred to as departmental stores of banking because they

A market where new shares are trade is known as

The principle of span of control stipulate that

The harmonic relationship among the various units in an organization is ensured through

Which of the following is not required in opening a current account?

The business in the stock exchange is characterised essentially by

The market structure, business conditions and financial systems in Nigeria constitute the

A customer is granted a permission to draw ₦350,000 rather than his initial deposit of ₦300,000 in his account balance. What is the overdraft?

The second-Tier Securities Market is

Business environment refers to all elements that are

The acronym ATM stand for

NACCIMA stands for

Which of these sets of external environment factors affect a business operation?

Which of these factors of production is relatively fixed in supply?

The main objective of a trade association can best be described as promotion and protecting

Poor sewage disposal, oil spill and indiscriminate refuse dumping all lead to

Capital as a factor of production can be used as

One major disadvantage of a cartel is that it

In an organization, civic consideration arises from

The assembly of product into useable form is known as

Which of the following is a major factor to be considered in siting a warehouse

Social responsibility is the ability of an organization to

Consumer right include the right to

The reoccurring setback of warehousing facilities as it affects trade in West Africa is