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Commerce Past Questions and Answers

Jamb Commerce Questions

Question 1:
The conversion of raw material into finished products creates
  • A Marginal utility
  • B Place utility
  • C Form utility
  • D Time utility
View Answer & Explanation
Question 2:
The conversion of raw material into finished products creates
  • A Marginal utility
  • B Place utility
  • C Form utility
  • D Time utility
View Answer & Explanation
Question 3:
Commerce makes it possible for man to live in a
  • A Complex and organized society
  • B Society characterized by subsistency
  • C Society characterized by dependency
  • D Simple and organized society
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Question 4:
Use the information below to answer questions 3 and 4. Aboki Plc, became the insolvent and decided to wind up to meet the legitimate claims of its creditors. Babalawee was called in to manage the dissolution. after paying the debts of aboki Plc, the balance goes to?
  • A Aboki Plc
  • B Babalawee
  • C Shareholders
  • D Creditors
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Question 5:
Use this information to answer the question below. Aboki Plc became insolvent and decided to wind up to meet the legitimate claims of its creditors. Babalawee was called in to manage the dissolution. Babalawee is ___________?
  • A A claimant
  • B A manager
  • C An assessor
  • D A reciever
View Answer & Explanation