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Commerce Past Questions and Answers

Jamb Commerce Questions

Question 21:
When an industry or company is nationalized, the state becomes
  • A The major shareholder
  • B The mini shareholder
  • C The only shareholder
  • D An equal shareholder with other individuals
View Answer & Explanation
Question 22:
The federal Government made efforts at rendering public enterprises more efficient and profit-oriented through the process of
  • A Privatization
  • B Commercialization
  • C Indigenization
  • D Nationalization
View Answer & Explanation
Question 23:
Which of the following organizations represents those who engages labour in Nigeria?
  • A Nigerian Labour Congress
  • B Nigerian Employers Consultative Association
  • C Manufacturers Association of Nigeria
  • D Nigerian Union of Local Government Employees
View Answer & Explanation
Question 24:
The practice of assessing employees for payment or advancement according to their observed achievement is called
  • A Employee ranking
  • B Merit rating
  • C Job grading
  • D Employee education
View Answer & Explanation
Question 25:
Motivation is an essential element in management because it
  • A Leads to the improvement of staff welfare
  • B Encourage individual to work towards achieving the orgaization's objective
  • C Reduce friction among employees in the process of achieving the company's objective
  • D Helps to eliminate industrial disharmony
View Answer & Explanation