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Saturday, 11 April 2026
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Commerce Past Questions and Answers

Jamb Commerce Questions

Question 11:
Use the conversion below to answer question 7 and 8 MUSA: Taiwo why are you in business? TAIWO: To optimized profit, provide quality product and discharge my social responsibilities. What of you, Okon and Kalu OKON: I am in business to cater for the need of the consumers at all costs. KALU: I am in business to make profit, provided quality product at reasonable prices and establish a good reputation for myself.
  • A Musa
  • B Okon
  • C Taiwo
  • D Kalu
View Answer & Explanation
Question 12:
The business with the best business objectives is
  • A Okon
  • B Taiwo
  • C Kalu
  • D Musa
View Answer & Explanation
Question 13:
The business organization in which shareholder's have equal vote is
  • A Sole pprietorship
  • B Partneeship
  • C Co-operative
  • D Limited liability company
View Answer & Explanation
Question 14:
The major objective of corporate mergers is to
  • A Minimize the effects of taxation
  • B Increase financial advantage
  • C Faclitate profit maximization
  • D Enhance economies of scale
View Answer & Explanation
Question 15:
When it became necessary to liquidate a company, the frist step to be taken is the appointment of
  • A A receiver
  • B An auditor
  • C An accountant
  • D Liquidator
View Answer & Explanation