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Commerce Past Questions and Answers

Jamb Commerce Questions

Question 1:

The most important factor that delayed the development of commerce in Nigeria was?

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A A.the inefficient means of communication
B That there were few entrepreneurs
C That there were few developed markets
D Secondary production has to do with changing the?

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Question 2:

The most important factor that delayed the development of commerce in Nigeria was?

SchoolNGR Classroom

A A.the inefficient means of communication
B That there were few entrepreneurs
C That there were few developed markets
D Secondary production has to do with changing the?

View Answer & Explanation

Question 3:

Secondary production has to do with changing the?

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A Shape of raw materials through construction operations
B Physical form of raw materials into finished goods
C Utility of raw materials by an engineering process
D Nature of raw materials through manufacturing processes

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Question 4:

The major responsibility of an entrepreneur is?

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A Employing all factors of production in the business
B Coordinating and determining the proportion of what to produce
C Planning and organizing all activities in the business
D Directing and controlling all the affairs of the business

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Question 5:

Which of the following best described the scope of commerce

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A All forms of commercial exchanges relating to industry
B Buying and selling and the construction industry
C All occupational exchanges relating to industries and commercial activities
D Buying and selling as well as the extraction of natural resources

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