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Commerce Past Questions and Answers

Jamb Commerce Questions

Question 41:
In every simple contract, the price which is paid to purchase a promise is called
  • A Offeree
  • B Acceptance
  • C Consideration
  • D Representation
View Answer & Explanation
Question 42:
One major disadvantage of a cartel is that it
  • A Maximizes productive efficiency
  • B Brings the merging firms under control
  • C Maximizes profit from operation
  • D Eliminate competitions and waste
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Question 43:
Staff position in an organization borders on
  • A Authority
  • B Advice
  • C Responsibility
  • D Control
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Question 44:
The line function in a typical manufacturing enterprise is normally performed by the
  • A Public relations department
  • B Estate or properties department
  • C Marketing department
  • D Legal department
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Question 45:
(i)Money and machines (ii) Materials and Money (iii)Market and Man. Which combination of the above are basic requirement as business resource?
  • A I and ii
  • B Ii and iii
  • C I and iv
  • D Ii and iv
View Answer & Explanation