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Commerce Past Questions and Answers

Jamb Commerce Questions

Question 46:

When a business enterprise provides free service to its environment, the service is said to be a

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A Civic responsibility
B Philanthropic consideration
C Social responsibility
D Political consideration

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Question 47:

Inventory control is an aspect of a

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A Operations research
B Materials management
C C the organizing function
D D span of control

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Question 48:

The reduction of import duties among the members countries of ECOWAS is an example of

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A Preference duties
B Preferential treatment
C Preferential tariff
D Preferential excise

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Question 49:

In a common market, member countries agree basically to

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A Place bans on the other countriesâ€™ product
B Wage war against other countries’ product
C Establish common barriers against countries outside the market
D Negotiate with countries outside the market for favourable terms of trade .

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Question 50:

Emeka ordered goods for his retail shop. The manufacturer sells the goods at retail price of N 500 but would give it to Emeka at N 400. What kind of discount did he get?

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A Cash discount
B Trade discount
C Quantity discount
D Seasonal discount.

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