JAMB UTME - Commerce - 2005 | Green Bridge CBT

Question 1 Report

The best means of sending unwritten messages simultaneously to many branches of an organization within a country is the?

television

telephone

telegraph Correct answer

radio

Answer Details

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Transport, Tourism, Communication And Warehousing

Information And Communication Technology (ict)

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Question 2 Report

The primary objective of consumer protection laws is to ensure that?

consumers derive maximum satisfaction from goods and services Correct answer

consumers buy goods and services at cheap rates

manufacturers of goods and services provides overcome internal competition

manufacturers of goods and services provides gets optimum profit

Answer Details

The primary objective of consumer protection laws is to ensure that consumers derive maximum satisfaction from goods and services. Consumer protection laws are designed to prevent businesses from engaging in unethical practices that could harm or deceive consumers. These laws are put in place to protect consumers' rights to safety, choice, information, and redress. They ensure that consumers have access to accurate information about the products they buy, as well as a mechanism for addressing complaints and grievances. Ultimately, the goal of consumer protection laws is to create a fair and competitive marketplace that benefits both consumers and businesses.

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Legal Aspects Of Business

Legal Aspect Of Business

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Question 3 Report

Wholesalers can be divided into?

sales agent and brokers

full service

cooperative wholesale society and limited service wholesalers

merchant wholesales and egent middlemen Correct answer

Answer Details

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Purchase And Sale Of Goods In Home And Foreign Trade

Commerce

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Question 4 Report

Which of the following confirms the accuracy of the duty charged on imported goods?

An indent

Consular invoice Correct answer

Consignment note

Shipping note

Answer Details

A consular invoice confirms the accuracy of the duty charged on imported goods. A consular invoice is a document that is verified by the consulate of the importing country in the exporting country. It provides detailed information about the goods being shipped, including their quantity, value, and origin. The information contained in the consular invoice is used to determine the duty that will be charged on the imported goods. By verifying the accuracy of the consular invoice, the consulate confirms the accuracy of the duty charged on the imported goods.

Read lesson note on Purchase And Sale Of Goods (JAMB)

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Purchase And Sale Of Goods

Commerce

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Question 5 Report

The association that comprises all types of businesses is referred to as?

chamber of commerce Correct answer

trust

trade association

cartel

Answer Details

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Trade

Commerce

Trade Associations

Money

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Question 6 Report

Invisible imports consist of?

cement, shipping and consultancy services

banking, drinks , insurance and technical services

consultant services, tourism and banking Correct answer

tourism, banking and canned food and cement

Answer Details

Read lesson note on Commerce (JAMB)

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Commerce

Occupation

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Question 7 Report

The most dangerous pollution is?

water

noise pollution

soil pollution

air pollution Correct answer

Answer Details

All types of pollution can be harmful, but air pollution is often considered the most dangerous. Air pollution can cause a wide range of health problems, including respiratory illnesses, heart disease, and even cancer. It occurs when harmful substances, such as chemicals, particulate matter, and gases, are released into the air by human activities like burning fossil fuels and industrial processes. These substances can be breathed in and absorbed by the body, leading to long-term damage to our health and the environment. Additionally, air pollution can contribute to climate change, which poses a threat to the health and wellbeing of our planet and all living creatures on it.

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Economic Groupings

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Question 8 Report

The most important benefit of insurance is that it provides?

control over activities

the insured with a right to premium

the insured with a right to full compensation

protection against risks Correct answer

Answer Details

Insurance provides protection against risks. In other words, it helps individuals or organizations to manage and mitigate the financial impact of unexpected events or losses. By paying regular premiums to an insurance company, the policyholder transfers the risk of potential losses to the insurer. In the event of a covered loss, the insurer provides compensation to the policyholder, thus reducing the financial impact of the loss. This can be especially important in situations where the cost of a loss could be catastrophic, such as in cases of major property damage, medical expenses, or liability claims.

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Commerce

Occupation

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Question 9 Report

The most important concept on production is?

utility Correct answer

wealth creation

transformation

distribution

Answer Details

The most important concept in production is transformation. Transformation refers to the process of converting inputs, such as raw materials, labor, and capital, into outputs, such as goods and services. Without transformation, there would be no production. All other concepts, such as utility, wealth creation, and distribution, are dependent on transformation. For example, utility is the satisfaction or benefit that consumers derive from consuming goods and services, which are produced through transformation. Wealth creation is the increase in the value of goods and services that results from transformation. Distribution is the allocation of goods and services that have been transformed to various consumers and markets. Therefore, transformation is the foundation of production and the most essential concept to understand in order to grasp the broader concepts of utility, wealth creation, and distribution.

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Question 10 Report

A major disadvantage of the privatization policy is that?

the economy would be private-sector-led

citizens would benefit less from government

more money would be bought into circulation

government would loss control of the economy Correct answer

Answer Details

One major disadvantage of the privatization policy is that the government would lose control of the economy. This means that private companies and individuals would have more power over key sectors such as healthcare, education, and utilities, which could result in higher costs and reduced access for the general public. Additionally, private companies may prioritize profit over public interest, which could lead to lower quality services and products. Overall, privatization could lead to a less equitable and less regulated economy.

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Government Policies Relating To Business

Introduction To Business Management

Commerce

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Question 11 Report

The compensation the insured gets depends heavily on the?

economic situation

premium paid Correct answer

risk suffered

insurer's bouyancy

Answer Details

Read lesson note on Legal Aspects Of Business (JAMB)

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Legal Aspects Of Business

Business Environment And Social Responsibility

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Question 12 Report

The fixed and current assets of a business are called?

called up capital

capital employed Correct answer

paid-up capital

authorized capital

Answer Details

The fixed and current assets of a business are called "capital employed". Capital employed refers to the total value of the assets that a company uses to generate revenue. This includes both fixed assets, such as property, plant, and equipment, and current assets, such as inventory and accounts receivable. The term "capital employed" is used to distinguish these assets from other types of capital, such as authorized or called-up capital, which refer to the amount of money that investors have contributed to the company. Knowing the amount of capital employed is important for understanding a company's financial performance, as it indicates how efficiently the company is using its resources to generate profits. Companies that can generate more revenue with the same amount of capital employed are generally considered more efficient and profitable.

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Commerce

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Question 13 Report

In Nigeria, the ministry in charge of registering trade associations is that of?

industries

commerce Correct answer

culture and tourism

finance

Answer Details

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Commerce

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Question 14 Report

A floating policy is an example of?

marine insurance

actuaries insurance Correct answer

motor insurance

fire insurance

Answer Details

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Legal Aspect Of Business

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Question 15 Report

An instrument that is traded i the second-tier foreign exchange market is?

money order

stock Correct answer

travellers' cheque

debenture

Answer Details

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Commerce

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Question 16 Report

Given:

Sales...........................N15 000

Opening stock...................N5 600

Purchases.......................N9 700

Closing stock...................N4 400

Gross profit....................N4 500

Net profit......................N2 200

From the data above, calculate the rate of turnover?

3:50 times

3:00 times

2:00 times

2:18 times Correct answer

Answer Details

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Commerce

Production

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Question 17 Report

To increase the supply of money in a country, the central bank has to?

reduce cash ratio Correct answer

sell securities

call on special deposits

raise cash ratio

Answer Details

To increase the supply of money in a country, the central bank has to **reduce cash ratio**. Cash ratio refers to the percentage of the total deposits held by a bank that it is required to keep as reserves. When the central bank reduces the cash ratio, it frees up more money for the banks to lend out to businesses and individuals, thereby increasing the supply of money in the economy.

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Money

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Question 18 Report

Which part of the computer system does the keyboard device belong to?

Output unit

Logic unit

Input unit Correct answer

Control unit

Answer Details

The keyboard device belongs to the input unit of the computer system. An input unit is a part of a computer system that allows the user to input data and instructions into the computer. The keyboard device is one such input device that enables the user to input data, commands, and instructions by typing on the keys. The input data is then processed by the computer's central processing unit (CPU), which carries out the instructions and produces the output. Therefore, the keyboard device belongs to the input unit of the computer system.

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Information And Communication Technology (ict)

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Question 19 Report

The computer that functions by taking discrete numbers and performing mathematical calculations is called?

mainframe

digital

hybride Correct answer

analogue

Answer Details

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Information And Communication Technology (ict)

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Question 20 Report

The major participants in the stock market when stock prices are rising generally are the?

bulls Correct answer

registrars

bears

companies

Answer Details

The major participants in the stock market when stock prices are rising generally are the bulls. "Bulls" are investors who believe that the stock market will continue to rise and are optimistic about the future performance of the market. They may buy stocks in anticipation of making a profit when stock prices increase. When stock prices are rising, bulls are typically more active in the market, buying and holding onto stocks in anticipation of further gains. This can lead to increased demand for stocks and drive up stock prices even further. In contrast, "bears" are investors who believe that the stock market is likely to decline, and are pessimistic about the future performance of the market. They may sell stocks in anticipation of a market downturn. Overall, the bulls and bears are two opposing forces in the stock market, and their interactions help to determine the direction of the market in the short term.

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Stock Exchange

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Question 21 Report

A partnership is dissolved when?

the business suffers a loss

there is bankruptcy Correct answer

there is consistent theft

there is misunderstanding between partners

Answer Details

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Legal Aspects Of Business

Occupation

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Question 22 Report

The type of communication from a superior to a subordinate in an organization is referred as?

horizontal communication

lateral communication

downward communication Correct answer

upward communication

Answer Details

The type of communication from a superior to a subordinate in an organization is referred to as downward communication. Downward communication flows from a higher level in the organizational hierarchy to a lower level, and it is used to convey information, instructions, and feedback from managers to employees. This type of communication can take various forms, including verbal, written, and nonverbal, and it is essential for ensuring that employees understand their roles, responsibilities, and goals, and that they are able to perform their jobs effectively. Downward communication can also help to establish a sense of direction and purpose, provide motivation and support, and facilitate coordination and collaboration among team members.

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Occupation

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Question 23 Report

A business firm that is involved in conveying goods or people is known as a?

consignor

commercial firm

carrier Correct answer

transporter

Answer Details

A business firm that is involved in conveying goods or people is known as a carrier. A carrier is a company that transports goods or people from one place to another using various modes of transportation such as trucks, ships, trains, airplanes, or buses. Carriers are responsible for ensuring that goods or people are delivered safely and on time to their destination. They may also provide additional services such as logistics, tracking, and insurance. In summary, a carrier is a business that provides transportation services for goods or people.

Read lesson note on Transport, Tourism, Communication And Warehousing (WAEC)

Transport, Tourism, Communication And Warehousing

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Question 24 Report

An engineer in government employ is to be rendering?

primary service

tertiary service

indirect service Correct answer

direct service

Answer Details

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Occupation

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Question 25 Report

A cheque drawn by a bank official on the bank's deposits in another bank on a customer's instruction is known as?

promissary note

bankdraft

banker's order Correct answer

travellers' cheque

Answer Details

Read lesson note on Commerce (JAMB)

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Commerce

Trade

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Question 26 Report

The media media used for inter-departmental communication include?

circulars, advertisement and notice boards

memoranda, circulars and the telephone Correct answer

memoranda, advertising and face-to-face

momoranda, advertising and the grapevine

Answer Details

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Information And Communication Technology (ict)

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Question 27 Report

The availability of goods and services is brought to the notice of customers through?

personal selling

public relations

the telephone

advertising Correct answer

Answer Details

The availability of goods and services is brought to the notice of customers through advertising. Advertising is a form of communication that aims to persuade an audience to purchase or take action on a product or service. It is a way of promoting and creating awareness of goods and services to the public. Advertisements can be in various forms such as billboards, television commercials, print ads, or online ads, and they are designed to attract the attention of potential customers and inform them about the products and services offered. By utilizing advertising, companies can effectively reach a wider audience and increase sales by making their products and services known to potential customers.

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Elements Of Marketing

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Question 28 Report

An acquired firm in a merger will always receive a?

premium

grant

share Correct answer

discount

Answer Details

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Commerce

Occupation

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Question 29 Report

The necessary documents used in foreign trade are?

bill of lading, invoice and letter of inqiry

indent, bill of exchange, bill of lading and voice

voice, shipping note, bill of lading and freight note Correct answer

shipping note, certificate of origin and visible exports

Answer Details

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Trade

Commerce

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Question 30 Report

One of the disadvantages of a sole proprietorship is?

secrecy of annual reports

pride of ownership

limited liability

unlimited liability Correct answer

Answer Details

One of the disadvantages of a sole proprietorship is unlimited liability. This means that the owner is personally responsible for all the debts and obligations of the business, even if they exceed the amount of money the owner has invested in the business. If the business can't pay its debts, the owner's personal assets, such as their house or car, may be used to pay off the debts. This is different from limited liability companies, where the owners are not personally responsible for the debts and obligations of the company.

Read lesson note on Legal Aspects Of Business (JAMB)

Legal Aspects Of Business

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Question 31 Report

A major function of a chamber of commerce is?

increaseing productivity

promoting both home and foreign trade Correct answer

promoting trade in a particular line

maximizing profit

Answer Details

A major function of a chamber of commerce is promoting both home and foreign trade. Chambers of commerce are organizations that represent the interests of businesses in a particular geographic area. One of their primary functions is to promote the economic interests of their members, which typically includes both local businesses and those engaged in foreign trade. They may offer networking opportunities, provide educational resources, and lobby government officials on behalf of the business community to create favorable policies and regulations. By promoting both home and foreign trade, chambers of commerce can help their members expand their customer base, increase revenue, and contribute to the overall economic growth of their community.

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Trade

Commerce

Money

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Question 32 Report

Occupations are classified into?

production, labour and economics

extraction, construction and manufacturing

industry, commerce and serves Correct answer

trade, aids to trade and serivices

Answer Details

Occupations are classified into industry, commerce, and services. This classification is used to categorize and understand the different types of jobs that exist in an economy. Industry includes jobs related to the production of goods, such as manufacturing and mining. Commerce includes jobs related to trade, such as wholesale and retail, while services refer to jobs that provide intangible services to customers, such as education, healthcare, and entertainment.

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Occupation

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Question 33 Report

Commercialization of government corporations brings about an increase in the level of?

money supply in the economy

distrust among business operators

competition among business operators Correct answer

social responsibility

Answer Details

Commercialization of government corporations brings about an increase in the level of competition among business operators. When government corporations are commercialized, they are transformed into private companies that are expected to operate in a competitive market environment. This often leads to the entry of new players in the industry, which increases competition among business operators. Competition can have both positive and negative effects. On the one hand, it can result in increased efficiency, lower prices, and improved quality of goods and services as businesses strive to attract and retain customers. On the other hand, it can also lead to market consolidation, reduced choice, and anti-competitive behavior. Overall, commercialization of government corporations can lead to increased competition among business operators, which can have both positive and negative effects depending on the specific market conditions.

Read lesson note on Legal Aspects Of Business (JAMB)

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Legal Aspects Of Business

Money

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Question 34 Report

From which of the following sources can partnerships increase their capital?

Admission of a new partner Correct answer

Sale of shares

Discharge of a mortage

initial capital

Answer Details

Partnerships can increase their capital through admission of a new partner. When a new partner is admitted to a partnership, they typically invest capital in the business and become a part owner. This new capital infusion increases the total amount of capital that the partnership has to work with, allowing for potential growth and expansion. Sale of shares is a method typically used by companies, not partnerships, to raise capital. Discharge of a mortgage is a process of releasing a property from the mortgage obligation and is not related to capital raising. The initial capital refers to the original amount of money invested in the partnership at the time of its establishment, and not a method to increase capital.

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Business Capital And Profits

Business Units

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Question 35 Report

The Lake Chad Basin Commission was formed in?

1974

1984

1954

1964 Correct answer

Answer Details

The Lake Chad Basin Commission was formed in 1964. It is a regional organization comprising of Chad, Cameroon, Niger, Nigeria, and the Central African Republic, with the aim of promoting cooperation and sustainable development within the Lake Chad Basin region. The organization was established to address common challenges such as the management of the basin's natural resources, including water, fisheries, and pasturelands, as well as to mitigate the effects of droughts and other environmental and security issues.

Read lesson note on Introduction To Business Management (WAEC)

Introduction To Business Management

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Question 36 Report

A good financial instrument which serves as a hedge against inflation is?

a bond Correct answer

a share

an opion

a warrant

Answer Details

A good financial instrument that serves as a hedge against inflation is a bond. A bond is a type of investment where an investor loans money to a government or corporation for a fixed period of time and receives interest payments in return. When inflation rises, the value of money decreases, and the interest payments received by the bondholder may be worth less in real terms. However, if the bond has an inflation-linked feature, the interest payments and the principal amount of the bond will be adjusted for inflation, meaning that the bondholder will receive a higher payout to compensate for the loss in purchasing power. Therefore, an inflation-linked bond can provide a hedge against inflation, as it offers protection against the erosion of the bondholder's purchasing power. This is because the bond's payments are linked to the inflation rate, ensuring that the bondholder's returns keep pace with inflation.

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Trade Associations

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Question 37 Report

Initial public offering is undertaken through the?

secondary securities market

first-tier securities market Correct answer

primary securities

second-tier securities market

Answer Details

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Occupation

Trade

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Question 38 Report

The excess of the assets over the liabilities of a business is called?

working capital

net worth Correct answer

capital employed

initial capital

Answer Details

The excess of assets over liabilities of a business is called "net worth". It represents the value of the company's assets that remain after all of its debts and other liabilities have been paid off. In other words, it is the amount of money that would be left over if the company were to sell all of its assets and pay off all of its debts. Net worth is an important measure of a company's financial health, as it indicates how much value the company has built up over time. It is also commonly used as a key indicator of a company's ability to withstand financial challenges or pursue growth opportunities.

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Question 39 Report

In CIF contracts, risk passes at the time of shipment but the property does not pass until?

there is physical transfer of goods

the shipping manifest are signed Correct answer

the shipping documents are transferred

the goods on board are delivered

Answer Details

Read lesson note on Purchase And Sale Of Goods (JAMB)

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Purchase And Sale Of Goods

Commerce

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Question 40 Report

The difference between personal selling and sales promotion is that while sales promotion includes free gifts and samples, personal selling involves?

distributing instructional posters

face-to-face communication with customers Correct answer

premium programming for customers

publishing promotional booklets

Answer Details

Personal selling involves direct face-to-face communication with customers, where a sales representative interacts with potential buyers to persuade them to purchase a product or service. This involves a two-way conversation, with the sales representative addressing the buyer's concerns and questions, and tailoring their pitch to meet the buyer's needs. On the other hand, sales promotion involves a range of activities that are designed to stimulate short-term demand for a product or service. This can include free gifts and samples, as well as other promotional activities like distributing instructional posters or publishing promotional booklets. Sales promotion is often used in conjunction with personal selling, as a way to attract potential buyers to engage with sales representatives and learn more about the product or service being offered.

Read lesson note on Elements Of Marketing (JAMB)

Elements Of Marketing

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Question 41 Report

The most important right of the employee in discharging his duties to the employer is the right to?

regular emolument

job security Correct answer

working facilities

annual leave

Answer Details

The most important right of an employee in discharging their duties to the employer is the right to job security. Job security means that an employee is protected from being unfairly dismissed or terminated from their job without just cause. This right is important for employees because it provides them with a sense of stability and assurance that they will not lose their livelihoods without a valid reason. In many countries, including Nigeria, there are laws and regulations that protect employees from unfair dismissal and termination. These laws outline the conditions under which an employer can terminate an employee's contract, such as poor performance, misconduct, or redundancy. Having job security also benefits employers, as it can help to retain experienced and skilled employees, who are valuable assets to the company. Overall, the right to job security is an important aspect of the employment relationship that benefits both employees and employers.

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Occupation

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Question 42 Report

One advantage of a crossed cheque is that it can?

only be paud into a savings account

be cashed over the bank's counter

only be paid into the owner's account

Correct answer

be cashed by anyone

Answer Details

One advantage of a crossed cheque is that it can only be paid into the owner's account. When a cheque is crossed, two parallel lines are drawn across its face, and this signifies that the cheque can only be deposited into the bank account of the person named on the cheque. This makes crossed cheques more secure and reduces the risk of fraud or theft since only the account holder whose name is on the cheque can receive the funds. Therefore, crossed cheques are a safer and more secure way of making payments compared to open cheques, which can be cashed by anyone.

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Purchase And Sale Of Goods

Commerce

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Question 43 Report

The market where only indigenous firms are considered is the?

money market

second-tier securities market Correct answer

local market

stock exchange

Answer Details

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Trade

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Question 44 Report

A type of credit offered by both commercial and merchant banks in Nigeria is?

trade credit

line of credit

discounting facility

overdraft Correct answer

Answer Details

The type of credit offered by both commercial and merchant banks in Nigeria is an overdraft. An overdraft is a type of credit that allows an account holder to withdraw more money than they have in their account, up to a pre-agreed limit. It is a flexible form of credit that is often used by individuals and businesses to manage short-term cash flow problems. The interest is charged only on the amount that is borrowed and for the period it is borrowed.

Read lesson note on Commerce (JAMB)

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Commerce

Trade

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Question 45 Report

The factors essential for tourism are?

accessibility, capital, amenties, accessibility and scenery

goods weather, amenties, accessibility and scenery Correct answer

amenties, capital, accessibility and markets

good weather, capital, schools and scenery

Answer Details

The factors essential for tourism are accessibility, amenities, good weather, and scenery. 1. Accessibility: Refers to the ease of getting to and around a destination. Good transportation infrastructure, including roads, airports, and public transit, is important for attracting tourists. 2. Amenities: Refers to the range and quality of services and facilities available to tourists, such as accommodation, food and beverage, entertainment, and shopping. Good amenities make a destination more comfortable and enjoyable for visitors. 3. Good weather: Refers to favorable climatic conditions for outdoor activities, sightseeing, and other tourist experiences. This can include factors like mild temperatures, low rainfall, and plenty of sunshine. 4. Scenery: Refers to the natural and cultural attractions that make a destination visually appealing and interesting. This can include natural features like mountains, beaches, and forests, as well as cultural landmarks like historic sites and museums. While factors like capital and markets can also be important for the tourism industry, accessibility, amenities, good weather, and scenery are considered the most essential for attracting visitors and creating a positive tourist experience.

Read lesson note on Transport, Tourism, Communication And Warehousing (WAEC)

Transport, Tourism, Communication And Warehousing

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Question 46 Report

The bank that discount bills of exchange is the?

central bank

mortage bank

development bank

comercial bank Correct answer

Answer Details

The bank that discounts bills of exchange is a commercial bank. Discounting a bill of exchange means that the bank buys the bill from the holder of the bill, usually a business or individual, at a discounted price, providing the holder with immediate cash. The bank then holds onto the bill and collects the full payment from the debtor on the bill's maturity date. Commercial banks offer a wide range of services to individuals and businesses, including deposit accounts, loans, and other financial products. One of the services provided by commercial banks is the discounting of bills of exchange, which can be a useful way for businesses to manage their cash flow.

Read lesson note on Commerce (JAMB)

Commerce

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Question 47 Report

The development of a continer and a graphic design for a product is called?

packaging Correct answer

promotion

processing

production

Answer Details

The development of a container and a graphic design for a product is called "packaging". Packaging refers to the process of creating the exterior of a product, which includes the container or wrapping that holds the product, as well as any graphics, logos, or text that appear on the outside of the packaging. The main purpose of packaging is to protect the product during transportation and storage, as well as to attract customers and communicate important information about the product, such as its contents, benefits, and instructions for use.

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Production

Occupation

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Question 48 Report

A step-by-step method of carrying out functions in an office is known as?

procedure Correct answer

organizing

policy

programme

Answer Details

A step-by-step method of carrying out functions in an office is known as a "procedure". A procedure is a set of sequential steps or actions that are taken to complete a task or achieve a specific goal. In an office setting, procedures are used to ensure that tasks are completed consistently and efficiently, and that everyone involved in the process knows what they need to do and when they need to do it. Procedures can be documented in written form, often in the form of a manual or guidebook, or they can be communicated verbally or through training sessions. They typically include details about each step in the process, including who is responsible for each task and what tools or resources are needed. Examples of office procedures include procedures for handling incoming and outgoing mail, procedures for filing and retrieving documents, and procedures for scheduling appointments or meetings. By establishing clear and well-defined procedures, offices can improve their productivity, reduce errors and mistakes, and ensure that tasks are completed in a timely and efficient manner.

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Legal Aspects Of Business

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Question 49 Report

Which of the middlemen in the channel of distribution has tittle to the goods he distributes?

The merchant wholesaler Correct answer

The agent

The limited wholersaler

The retailer

Answer Details

The middleman in the channel of distribution that has title to the goods he distributes is the merchant wholesaler. A merchant wholesaler buys goods in bulk from manufacturers and sells them to retailers, other wholesalers, or businesses. The wholesaler takes ownership and title of the goods and assumes the risks and costs of storing, handling, and transporting the products until they are sold. This means that the wholesaler owns the products and can sell them to buyers who may be located far away or unable to purchase directly from the manufacturer.

Read lesson note on Purchase And Sale Of Goods (JAMB)

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Purchase And Sale Of Goods

Commerce

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Question 50 Report

The Nigerian Telecommunications Limited is a?

jointly owned company

public corpoation Correct answer

privately owned company

public company

Answer Details

The Nigerian Telecommunications Limited is a public corporation. This means that it is a government-owned organization that is responsible for providing telecommunication services to the people of Nigeria. As a public corporation, it operates for the benefit of the general public rather than for private profit, and its operations are subject to government oversight and regulation.

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Occupation

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