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Commerce Past Questions and Answers

Jamb Commerce Questions

Question 6:
The creation of goods and services to satisfy human wants is referred to as?
  • A Manufacturing
  • B Commercialization
  • C Production
  • D Entrepreneurship
View Answer & Explanation
Question 7:
Resources obtained from the extractive sector that are transformed into finished products are examples of?
  • A Primary production
  • B Tertiary production
  • C Direct production
  • D Secondary production
View Answer & Explanation
Question 8:
Which of the following is a limitation of division of labour?
  • A Decline in craftmanship
  • B Monotony of work
  • C Reduction in output
  • D Reduction in labour force
View Answer & Explanation
Question 9:
An individual that links the producer with the retailer is?
  • A An agent
  • B A wholesaler
  • C An entrepreneur
  • D A principal
View Answer & Explanation
Question 10:
One of the functions of a retailer is the?
  • A Financing of production activities
  • B Provision of credit facilities to relations
  • C Provision of jobs for customers
  • D Breaking of bulk
View Answer & Explanation