Commerce Jamb CBT 1 (Original)

The management functions of evaluation whether objectives are being achieved is

Management is described as

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

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

Business environment refers to all elements that are

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

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

In an organization, civic consideration arises from

Social responsibility is the ability of an organization to

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

A functional structure is an organizational structure in which

Departmentalization is an aspect of

The significance of money to modern economic system is that it

A form of money that has gone out of use is

Money can simply be referred to as a

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

A major liability of a commercial bank arises from

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

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

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 acronym ATM stand for

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

Capital as a factor of production can be used as

The assembly of product into useable form is known as

Consumer right include the right to

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

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

Commerce is defined as the study of how

Which of the following best describes the Scope of Commerce?

Commerce includes all the occupations concerned with

An advertising agent is engaged in

Which of the following is an industrial occupation?

An example of indirect service is rendered by

A market where new shares are trade is known as

The business in the stock exchange is characterised essentially by

The second-Tier Securities Market is

NACCIMA stands for

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

One major disadvantage of a cartel is that it

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

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

A store house where contraband goods seized are kept is

The major responsibility of an entrepreneur is

A distinguishing characteristic of labour is that it is

Land as a factor of production does not vary in

The reward for capital as a factor of production is

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

The reward for entrepreneurship as a factor of production is

The application of division of labour should generally bring about

The principle of span of control stipulate that