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Others ⇒ Commerce JAMB UTME Past QuestionsViews: 3356
Commerce JAMB UTME Past Questions


See Full COMMERCE JAMB UTME Practice Question [PDF]

1. Commerce is defined as the study of how
A. man utilizes the resources in his physical
environment
B. man produces, distributes and consumes his
goods and services
C. man buys, sells and distributes goods and
services
D. raw materials are changed into finished goods.
2. The type of activity which turns processed raw
materialsinto consumer and industrial goodsis
described as
A. extractive B. manufacturing
C. constructive D. processing
3. The production process that combines two or more raw
materials into one end product is
A. conditioning B. blending
C.merging D. synthesis.
4. A demonstration of social responsibility by a business
is the payment of
A. taxes to government
B. dividends to shareholders
C. interest on loans
D. premium for insurance.
5. A distinguishing characteristic of a limited liability
company is that it
A. is a collection of many sole proprietors
B. is a multiple partnership
C. can sue and be sued
D. has limited resources.
6. Which of the following takes place when firms
producing at different stages in the same industry
combine?
A. Conglomeration B. Vertical integration
C. Horizontal integration D.Cartel.
7. Which of the following groupsis paid first when a firm
liquidates?
A. Perference shareholders.
B. Debenture holders
C. Ordinary shareholders.
D. Cummulative preference shareholders.
8. Compulsory dissolution of a business can arise from
A. an agreement by the owners
B. a declaration by a court of law
C. the termination ofitslife
D. an unfavourable economic climate


See Full COMMERCE JAMB UTME Practice Question [PDF]



Started by: Prodigy on Mar 24, 2017


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