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Commerce Past Questions and Answers

Jamb Commerce Questions

Question 26:

The business organization established mainly for the purpose of carrying out specific assignments for a specific duration is a?

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A Joint venture
B Cooperative society
C Partnership
D Company

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Question 27:

Which oft these factors of production is relatively fixed in supply?

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A Capital
B Enterpreneuer
C Human resources
D Natural resources

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Question 28:

The location of a business is mostly influenced by?

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A Market outlet
B Management decision
C Capital
D Environment

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Question 29:

The evolution of commerce in Nigeria is traceable to the?

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A Period of barter economy as human needs became limitless
B Desire by human beings to satify their needs through the services of other people inthe society
C Development of human civlizations and the desire to meet their needs
D Primitive stage of existence of human beings

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Question 30:

One of the requirements necessary for setting up a business is?

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A Registration
B Advertisement
C Knowledge of the business
D Documentation

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