The difference between a chamber of commerce and a trade association is that the former

is not restricted to a particular industry

is a branch of trade that sells product

consists of members engaged in the same trade

are association of individuals or firms

A conter offer is an offer that is

different from the original offer

different in terms of acceptance

extended to several people at once

The difference between Articles of association and memorandum of Association is that the latter deals

with the powers and relationships of the company with outsiders

with the Internal working relationship of the company and its members

with the powers and relationships of the company with outsiders

The method of issue, transfer and future of the company's shares

The rights and responsibilities of shareholders

JAMB UTME - Commerce - 2019 | Green Bridge CBT

Frage 1 Bericht

An example of vertical integration is___________

Trust

Cartel

Merger

Price Ring

Antwortdetails

Trust is an amalgation of different competing firms in different lines of business under a single management. It is vertically integrated in nature.

Lies die Unterrichtsnotiz zu Legal Aspects Of Business (JAMB)

Lies die Unterrichtsnotiz zu Production (WAEC)

Lies die Unterrichtsnotiz zu Trade Associations (WAEC)

Lies die Unterrichtsnotiz zu Occupation (WAEC)

Legal Aspects Of Business

Production

Trade Associations

Occupation

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Frage 2 Bericht

An International organisation that influence and fix the price of oil in the International markets is

IMF

ECOWAS

OPEC

OAU

Antwortdetails

The international organization that influences and sets the price of oil in the international markets is the Organization of the Petroleum Exporting Countries (OPEC). OPEC is an intergovernmental organization made up of 14 oil-producing countries. These countries work together to control the supply of oil in the international markets, with the aim of stabilizing prices and generating income for their member countries. By controlling the supply of oil, OPEC can influence the price of oil in the international markets, making it a powerful player in the global energy market. IMF, ECOWAS, and OAU are not organizations that are involved in setting the price of oil. IMF (International Monetary Fund) is a global organization that provides financial assistance and support to countries with economic difficulties. ECOWAS (Economic Community of West African States) is a regional organization made up of 15 West African countries, aimed at promoting economic integration and development in the region. OAU (Organization of African Unity) is a defunct organization that was formed to promote unity and cooperation among African countries.

Lies die Unterrichtsnotiz zu Trade (WAEC)

Trade

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Frage 3 Bericht

The Sole aim of government owned business is to

make profit

provide services to the public

spread environmental pollution

manage action

Antwortdetails

The sole aim of a government-owned business depends on the specific goals and objectives of the government that owns it. In general, government-owned businesses are established to achieve specific policy goals, such as providing essential services to the public, promoting economic development, and generating revenue for the government. Unlike privately-owned businesses whose primary aim is to maximize profits for their owners and shareholders, government-owned businesses may prioritize other objectives such as providing affordable services to the public, promoting social welfare, and ensuring environmental sustainability. For example, a government-owned utility company may aim to provide affordable and reliable electricity to households and businesses, while a government-owned transportation company may aim to provide safe and efficient transport services to commuters. However, it's important to note that government-owned businesses can also face challenges such as bureaucratic inefficiencies and political interference that can affect their ability to achieve their intended objectives.

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Frage 4 Bericht

The following is a summary of the asset and liabilities of Ojo trading company as at 31st December, 2018

Initial Capital	5000
Net Profit	1000
Furniture	2000
Equipment	2900
Debtors	100
Stock	1000
Bank	500

From the above, calculate Fixed assets

6500

2000

4900

600

Antwortdetails

Fixed Assets	N
Furniture	2000
Equipment	2900
	4900

Lies die Unterrichtsnotiz zu Production (WAEC)

Production

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Frage 5 Bericht

All but one is not a demerit of advertising?

It leads to monopoly

Buyers can buy unnecessarily

Increase in profit

High cost

Antwortdetails

The demerit of advertising that is not true is "Increase in profit." Advertising can lead to an increase in profit, but this is not a demerit, but rather a benefit of advertising. Advertising can have various demerits, such as: - It can lead to a monopoly, where large companies with huge advertising budgets can dominate the market and drive out smaller competitors. - It can encourage buyers to purchase products that they don't really need, leading to unnecessary consumption and waste. - Advertising can be expensive, which can lead to higher prices for products and services, ultimately borne by the consumers. - Advertising can be misleading, and make false claims about products or services, which can be harmful to consumers and erode trust in the marketplace. In summary, while advertising can certainly increase profits for businesses, it can also have negative consequences, such as the creation of monopolies, encouraging unnecessary consumption, and misleading consumers, which are all considered demerits of advertising.

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Frage 6 Bericht

The following development of money have therefore been the use of, except______

Coins

Inconvertible paper money

Commodities

Abacus

Antwortdetails

The option that has not been a development of money is "Abacus". An abacus is a counting tool used for arithmetic calculations, and it was used before the invention of money. It was used to keep track of quantities of goods, but it was not used as a form of currency or exchange. Coins, inconvertible paper money, and commodities, on the other hand, have been used as forms of money. Coins are pieces of metal with a specific value stamped on them, which were used as a medium of exchange. Inconvertible paper money is paper currency that is not backed by a commodity such as gold or silver, but is used as a medium of exchange based on trust in the issuing government. Commodities, such as gold, silver, or cattle, have also been used as money because they have value and can be traded for goods and services.

Lies die Unterrichtsnotiz zu Money (JAMB)

Money

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Frage 7 Bericht

All but one is not a barriers to foreign trade

Natural Barriers

Economic Barriers

Social and Language Barriers

Trade Fair

Antwortdetails

Trade Fair is not a barrier to foreign trade. Trade barriers are obstacles that can make it difficult for companies to trade goods and services internationally. There are different types of trade barriers, including natural barriers, economic barriers, and social and language barriers. Natural barriers refer to geographic features such as mountains or oceans that can make it difficult to transport goods. Economic barriers include tariffs, quotas, and other regulations that make it more expensive or difficult to import or export goods. Social and language barriers are cultural and linguistic differences that can make it challenging for companies to do business in other countries. Trade fairs, on the other hand, are events that bring together companies and individuals from different countries to showcase their products and services. Trade fairs can actually facilitate foreign trade by providing a platform for companies to meet and network with potential partners and customers from around the world. Trade fairs can also help to promote international understanding and cooperation, which can be beneficial for foreign trade. In summary, while natural, economic, and social and language barriers can impede foreign trade, trade fairs are not a barrier to foreign trade. In fact, they can actually help to promote and facilitate it.

Lies die Unterrichtsnotiz zu Trade (WAEC)

Lies die Unterrichtsnotiz zu Commerce (JAMB)

Lies die Unterrichtsnotiz zu Trade Associations (JAMB)

Trade

Commerce

Trade Associations

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Frage 8 Bericht

A business environment that take into consideration the beliefs, attitudes, needs, values and attitudes of the people is_________

Economic environment

Technological environment

Political environment

Cultural environment

Antwortdetails

The business environment that takes into consideration the beliefs, attitudes, needs, values, and customs of the people is called the cultural environment. This environment includes various factors such as social norms, religious beliefs, language, lifestyle, and cultural practices that influence the way people behave and interact with each other. Understanding the cultural environment is essential for businesses to develop products and services that meet the needs of their customers and are acceptable to the society. It helps businesses to identify the cultural differences among different regions and countries and develop strategies to overcome any cultural barriers. By taking cultural factors into account, businesses can improve their relationships with customers, employees, and partners, and create a more inclusive and diverse workplace.

Lies die Unterrichtsnotiz zu Business Environment And Social Responsibility (JAMB)

Lies die Unterrichtsnotiz zu Production (JAMB)

Business Environment And Social Responsibility

Production

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Frage 9 Bericht

The scope of commerce is limited to________

home and foreign trade

wholesaler and retail trade

trade and aids to trade

wholesale and entreport trade

Antwortdetails

Commerce scop embraces trade and aids to trade.

Lies die Unterrichtsnotiz zu Trade (WAEC)

Lies die Unterrichtsnotiz zu Commerce (JAMB)

Trade

Commerce

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Frage 10 Bericht

Use this information to answer this question. Below is the trading, profit and loss Account particulars of Amadi peterside and Brothers for the year ended 31st December 1986.

	₦		₦
Opening stock Purchase	1000 7000	Sales	8000
Closing Stock	3000

Trading Expenses

Electricity

Salaries

Rent

Depreciations

₦

135

875

180

210

From the figures given, calculate

Gross profit

300

3000

6000

11000

Antwortdetails

Gross profit = Sales - Cost of goods sold
Cost of goods sold = Opening + Purchases - Closing stock = 1000 + 7000 - 3000
⇒ 6000
Therefore, Gp = 8000 - 6000 = 3000

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Frage 11 Bericht

A commission charged on postal order is__________

postal zero

postal orders

poundage

brokage

Antwortdetails

A commission charged on postal order is called "poundage." Poundage is a small fee that is charged by the postal service for processing and handling a postal order. This fee is a percentage of the total amount of the postal order and is designed to cover the costs of processing, handling, and delivering the order. Poundage is usually a small amount, but it can add up over time, especially if you use postal orders frequently. It is important to take poundage into consideration when calculating the total cost of a postal order, to make sure you have enough funds to cover both the cost of the order and the poundage fee.

Lies die Unterrichtsnotiz zu Commerce (JAMB)

Commerce

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Frage 12 Bericht

All harbours, docks and waterways of Nigeria are looked after by a public corporation called the

Nigerian Police Authority

Nigerian Ports Authority

National Ports Authority

National Police Authority

Antwortdetails

All harbours, docks, and waterways of Nigeria are looked after by the "Nigerian Ports Authority." The Nigerian Ports Authority (NPA) is a government-owned organization responsible for managing and regulating the ports and waterways in Nigeria. This includes overseeing the operations of all the harbours, docks, and waterways in the country, ensuring that they are safe, efficient, and well-maintained. The NPA works to improve the efficiency of the ports and waterways, promote economic development in the region, and provide employment opportunities for the local population. By ensuring the smooth and efficient operation of the ports and waterways, the NPA plays a critical role in supporting the economy of Nigeria.

Lies die Unterrichtsnotiz zu Production (JAMB)

Production

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Frage 13 Bericht

The most important resources of business is_______

Human resources

Money resources

Material resources

Opportunities

Antwortdetails

The most important resource of a business is its human resources, which refers to the people who work for the company. This includes everyone from the CEO to entry-level employees. Human resources are crucial because they are the ones who create, produce, and sell the products or services that the company offers. Money, material resources, and opportunities are also important, but without human resources, a business cannot function. Money is important to invest in the company and keep it running, but without people to manage the finances and create revenue, the money is useless. Material resources such as equipment, technology, and supplies are necessary to produce goods or provide services, but again, it is the human resources who operate the machinery and use the supplies. Opportunities such as partnerships or expanding into new markets can be lucrative, but it is the human resources who develop and execute the strategies to take advantage of these opportunities. In summary, while all resources are important, human resources are the most critical because they are the ones who make the business function and succeed.

Lies die Unterrichtsnotiz zu Commerce (JAMB)

Lies die Unterrichtsnotiz zu Occupation (WAEC)

Commerce

Occupation

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Frage 14 Bericht

Any information about a manufacturer or his product that appears in any medium on a non-paid basis is known as

Sales Promotion

Personal Selling

Advertising

Publicity

Antwortdetails

Publicity is the information about a manufacturer or his product that appears in any medium on a non-paid basis. This means that the information is not paid for and is instead shared for free through various channels, such as news articles, social media, and other forms of media. The goal of publicity is to generate positive buzz and awareness about a product or brand, and it is often seen as more credible and trustworthy than paid advertising because it is not influenced by financial incentives. Publicity can be a valuable tool for companies looking to build their reputation and reach new audiences.

Lies die Unterrichtsnotiz zu Elements Of Marketing (JAMB)

Elements Of Marketing

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Frage 15 Bericht

Thee major aim of consumer orientation is_________

consumer satisfaction

consumer sovereignty

what to produce

market research

Antwortdetails

The major aim of consumer orientation is to ensure consumer satisfaction. Consumer orientation is a business approach that prioritizes meeting the needs and wants of consumers. It involves designing products, services, and marketing strategies that are tailored to the preferences of consumers, as well as seeking feedback from consumers to continuously improve and refine offerings. By placing the needs and wants of consumers at the forefront of decision-making, businesses that adopt a consumer orientation can improve customer satisfaction and build long-term loyalty. This can ultimately lead to increased sales, profits, and market share. Consumer orientation also supports the principle of consumer sovereignty, which means that consumers have the power to determine what is produced in the market through their buying decisions. By understanding and responding to consumer preferences, businesses can better meet the needs of their target markets and improve their competitiveness. Market research is an important component of a consumer orientation strategy, as it provides valuable insights into consumer preferences, behaviors, and attitudes. This can help businesses identify trends, opportunities, and potential areas for improvement, as well as develop more effective marketing campaigns. Overall, the major aim of consumer orientation is to ensure that businesses meet the needs and wants of consumers in order to achieve customer satisfaction, loyalty, and long-term success.

Lies die Unterrichtsnotiz zu Elements Of Marketing (JAMB)

Elements Of Marketing

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Frage 16 Bericht

A terms of payment in which the buyer pays cash immediately for goods bought before he takes them away is called____

Prompt cash

Cash on delivery

Spot cash

Cash with order

Antwortdetails

A spot price is the price that is the current price and at which the instant delivery takes place. Spot payment or price is the same as the market price.

Lies die Unterrichtsnotiz zu Trade (WAEC)

Lies die Unterrichtsnotiz zu Purchase And Sale Of Goods (JAMB)

Lies die Unterrichtsnotiz zu Commerce (JAMB)

Trade

Purchase And Sale Of Goods

Commerce

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Frage 17 Bericht

The difference between the buying price and the selling price of a share is referred to as

Commission

Profit

Jobber's Profit

Turnover

Antwortdetails

The buying price of a share is the lower price and the selling price is the higher price. The difference between the two gives what is called Jobber's turn.

Lies die Unterrichtsnotiz zu Business Capital And Profits (WAEC)

Lies die Unterrichtsnotiz zu Stock Exchange (JAMB)

Business Capital And Profits

Stock Exchange

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Frage 18 Bericht

Which of these is a document used in International trade?

Debit note

Credit note

Invoice

Price ring

Antwortdetails

An invoice is a document used in international trade. It is a commercial document that lists the goods or services that have been sold, along with the price, quantity, and other relevant information. The invoice serves as a record of the transaction between the buyer and the seller, and it is often used for accounting and tax purposes. The invoice is usually sent by the seller to the buyer, and it is important for both parties to keep a copy for their records.

Lies die Unterrichtsnotiz zu Trade (WAEC)

Lies die Unterrichtsnotiz zu Purchase And Sale Of Goods In Home And Foreign Trade (WAEC)

Lies die Unterrichtsnotiz zu Commerce (JAMB)

Trade

Purchase And Sale Of Goods In Home And Foreign Trade

Commerce

Antwort anzeigen

Frage 19 Bericht

All activities that contribute towards making goods and services available to the people are

Economic activities

Political activities

Productive activities

Business activities

Antwortdetails

People are always producing goods and services. Production activities go on in all parts of the world.

Lies die Unterrichtsnotiz zu Production (WAEC)

Lies die Unterrichtsnotiz zu Commerce (JAMB)

Production

Commerce

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Frage 20 Bericht

A company which another company is a member and control the board of directors or hold more than half of its equity is termed_______

Subsidiary

Syndicate

Holding Company

Parent company

Antwortdetails

A subsidiary is a company that is controlled by another company, often referred to as the parent company. The parent company holds more than half of the subsidiary's equity or controls the board of directors, giving it significant influence over the subsidiary's operations and decisions. The subsidiary operates as an independent company, but it is ultimately controlled by the parent company. This relationship allows the parent company to expand its operations and diversify its business interests, while still maintaining control over the subsidiary.

Lies die Unterrichtsnotiz zu Financing Business (JAMB)

Financing Business

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Frage 21 Bericht

Which function of money is described in the following statement?

It serves as a medium through which business transactions are carried out

Standard for deferred payments s

Medium of exchange

Store of value

Unit of account

Antwortdetails

Since money can be stored, it can accumulated to pay debts and can serve as a medium by which business transactions on credit can be settled.

Lies die Unterrichtsnotiz zu Money (JAMB)

Money

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Frage 22 Bericht

The risks that can be forecast and measured is termed___________

Gambling

Insurable risks

Non-Insurable risks

Indenmity Insurance

Antwortdetails

The term you are looking for is "Insurable risks". Insurable risks are those risks that can be quantified and predicted with a certain level of accuracy. They are typically events that are outside of the control of the individual or organization and can result in financial loss or damage. Examples of insurable risks include natural disasters, accidents, theft, and fire. Insurable risks can be mitigated through insurance, which involves paying a premium to transfer the risk to an insurance company. The insurance company then assumes the financial responsibility of the risk and compensates the policyholder in the event of a covered loss. It's important to note that not all risks are insurable. Non-insurable risks are those that are difficult to predict or quantify, such as market fluctuations, changes in regulations, and acts of war. These risks are typically not covered by insurance policies.

Lies die Unterrichtsnotiz zu Legal Aspect Of Business (WAEC)

Legal Aspect Of Business

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Frage 23 Bericht

Which of these is not a merit of division of labour

results in specialization

brings about an element of automation

Training in new jobs is facilitated

Creates monotony in the worktask

Antwortdetails

The option that is not a merit of division of labour is "creates monotony in the work task." Division of labor is a process whereby tasks are broken down into smaller and more specialized tasks, with each worker performing one or a few of these tasks. This process has several benefits, including increased efficiency, higher productivity, and improved quality of output. However, one potential downside of division of labor is that it can create monotony in the work task. When workers are assigned to perform the same task repeatedly, they may become bored or disengaged from their work, which can reduce their motivation and productivity. In conclusion, while division of labor has many benefits, it is important to consider the potential negative effects, such as monotony in the work task, and take steps to mitigate these effects.

Lies die Unterrichtsnotiz zu Commerce (JAMB)

Lies die Unterrichtsnotiz zu Occupation (JAMB)

Commerce

Occupation

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Frage 24 Bericht

One of the disadvantages of Sole Proprietorship is__________

It requires small operations

It involves small capital

It lacks specialization

Grants from government

Antwortdetails

One of the disadvantages of Sole Proprietorship is that it "lacks specialization." A Sole Proprietorship is a type of business structure where an individual operates and owns the business by themselves. This type of business structure is simple to start and requires minimal paperwork, but it also has some disadvantages. One of the disadvantages of Sole Proprietorship is that it lacks specialization. This means that the owner of the business is responsible for all aspects of the business, including management, marketing, finances, and operations. This can be overwhelming for one person to handle, and can lead to burnout or reduced efficiency. Additionally, a Sole Proprietorship does not have any separate legal standing from the owner, which means that the owner is personally liable for all debts and obligations of the business. This can put the owner's personal assets, such as their home or savings, at risk. So, the disadvantage of Sole Proprietorship mentioned in the question is "lacks specialization."

Lies die Unterrichtsnotiz zu Occupation (JAMB)

Occupation

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Frage 25 Bericht

The headquarters of Niger Basin Commission is located at________

Abuja

Niamey

Lome

Nojamena

Antwortdetails

The headquarters of the Niger Basin Commission is located in Niamey, which is the capital city of Niger. The Niger Basin Commission is an intergovernmental organization that was established in 1964 to promote cooperation and sustainable development in the Niger Basin region, which encompasses nine West African countries, including Benin, Burkina Faso, Cameroon, Chad, Côte d'Ivoire, Guinea, Mali, Niger, and Nigeria. The Niger Basin Commission's mission is to ensure the integrated development of the Niger Basin in a sustainable and equitable manner, while promoting regional cooperation and reducing poverty. The organization focuses on a variety of activities, including water resource management, environmental protection, and sustainable agriculture and rural development. The headquarters of the Niger Basin Commission in Niamey serves as a central hub for the organization's operations, including policy development, planning, and coordination of regional programs and projects.

Lies die Unterrichtsnotiz zu Introduction To Business Management (WAEC)

Introduction To Business Management

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Frage 26 Bericht

All but one does not provide an Indirect Service?

Custom Officers

Family Doctors

Civil Servants

Law Makers

Antwortdetails

Among the four options, only "Custom Officers" do not provide an indirect service. An indirect service is a service that is provided to the public through intermediaries or intermediaries, such as government agencies, non-profit organizations, or private companies. Family doctors provide an indirect service because they are intermediaries between patients and the healthcare system. They diagnose and treat patients, prescribe medications, and refer patients to specialists or hospitals if necessary. Civil servants also provide an indirect service by managing and implementing government policies and programs that directly impact the public, such as education, healthcare, and public safety. Lawmakers provide an indirect service by creating laws and policies that shape the way society functions. Their actions affect the public directly or indirectly. On the other hand, custom officers do not provide an indirect service. They work directly for the government and are responsible for enforcing laws and regulations related to imports and exports. Their job is to inspect goods, collect duties and taxes, and prevent illegal activities, such as smuggling, at the borders. Custom officers do not provide a service that intermediaries distribute to the public.

Lies die Unterrichtsnotiz zu Occupation (JAMB)

Occupation

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Frage 27 Bericht

The communication aspect of the marketing mix is

Price

Promotion

Place

Product

Antwortdetails

The communication aspect of the marketing mix is promotion. Promotion refers to all the activities that a company undertakes to communicate with its target audience and inform, persuade, or remind them about its products or services. This can include advertising, sales promotion, public relations, personal selling, and direct marketing. The goal of promotion is to create awareness and interest in the company's offerings, build brand loyalty, and ultimately drive sales. By using a combination of different promotional tactics, companies can reach their target audience in the most effective and efficient way possible. Promotion is an important part of the marketing mix, as it helps to differentiate the company's offerings from those of its competitors and can have a significant impact on a company's bottom line. Effective promotion can drive customer engagement and increase brand recognition, leading to increased sales and profitability.

Lies die Unterrichtsnotiz zu Elements Of Marketing (JAMB)

Elements Of Marketing

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Frage 28 Bericht

One of these is not a major in the production process?

Producers

Distributors

Marketers

Consumers

Antwortdetails

It should be noted that production is said to be complete when goods and services produced get to the final users or consumers. The production process involves: Producers, distributors and consumers.

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Frage 29 Bericht

Examples of Commercial occupation are all except___________

Bankers

Traders

Insurers

Goldsmith

Antwortdetails

All the options listed - bankers, traders, insurers, and goldsmiths - are examples of commercial occupations, so the correct answer is "none of the above" or "all of the options are examples of commercial occupations". Commercial occupations are those that are primarily involved in buying, selling, or trading goods or services for a profit. Bankers are involved in the business of banking, which includes accepting deposits, making loans, and other financial services. Traders are involved in buying and selling financial instruments such as stocks, bonds, and commodities. Insurers provide insurance policies to individuals and businesses in exchange for premiums. Goldsmiths are involved in the business of making and selling jewelry and other precious metal items. All of these professions involve commercial activities aimed at making a profit, so they are all examples of commercial occupations.

Lies die Unterrichtsnotiz zu Commerce (JAMB)

Lies die Unterrichtsnotiz zu Occupation (WAEC)

Commerce

Occupation

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Frage 30 Bericht

The basic characteristics of co-operative society include all except one

It is managed democratically

It follows the principle of one man

Amateur Management

Extra capital is raised through loan

Antwortdetails

Members in the management committees of Co-operative societies often lack business experience and expertise.

Lies die Unterrichtsnotiz zu Occupation (JAMB)

Occupation

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Frage 31 Bericht

A fall in the value of a country's currency vis-a-vis other currencies is known as__________

Depreciation

Reduction

Devaluation

Exchange rate

Antwortdetails

Devaluation is the lowering of the exchange value of a country's currency against other currencies. This makes import to be expensive and import to be more attractive.

Lies die Unterrichtsnotiz zu Trade (WAEC)

Lies die Unterrichtsnotiz zu Commerce (JAMB)

Trade

Commerce

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Frage 32 Bericht

A market is said to be bullish if_________

There is a fail in prices of Securities

There is a rise in prices of Securities

There is a rise above the offer prices

The speculator fails to deliver stock to the buyer

Antwortdetails

A market is said to be bullish if there is a rise in the prices of securities. This means that the investors are optimistic about the market conditions and are buying stocks and other securities, which leads to an increase in their prices. A bullish market is generally seen as a sign of a strong and healthy economy, as investors are confident about the future prospects of the companies whose stocks they are buying. When the market is bullish, people are more likely to invest and take risks, as they believe that the prices of securities will continue to rise, resulting in profits for them.

Lies die Unterrichtsnotiz zu Stock Exchange (JAMB)

Stock Exchange

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Frage 33 Bericht

A memory that can be read and write and is volatile is known as

RAM

ROM

EPROM

EPPROM

Antwortdetails

A memory that is volatile, meaning that it loses its contents when the power is turned off, and can be read and written to is called Random Access Memory (RAM). RAM is a type of computer memory that is used to store data and programs that are actively being used. The contents of RAM can be easily changed, and it is a fast type of memory that allows the computer to access data quickly. However, because it is volatile, any data stored in RAM is lost when the power is turned off. In contrast, Read-Only Memory (ROM) is a type of memory that is non-volatile, meaning that its contents are permanent and cannot be changed. EPROM (Erasable Programmable Read-Only Memory) and EEPROM (Electrically Erasable Programmable Read-Only Memory) are types of non-volatile memory that can be reprogrammed, but they are not as fast as RAM and are not used for actively storing data and programs.

Lies die Unterrichtsnotiz zu Production (WAEC)

Lies die Unterrichtsnotiz zu Occupation (WAEC)

Production

Occupation

Antwort anzeigen

Frage 34 Bericht

Tourism involving residents of the given country travelling only within this country is called__________

Domestic Tourism

Inbound Tourism

Outbound Tourism

Traveller's Tourism

Antwortdetails

Tourism involving residents of a given country traveling only within that country is called "Domestic Tourism." Domestic Tourism refers to the travel of people within their own country for leisure, business, or other purposes. This type of tourism involves residents of a country traveling to different parts of their own country for vacation, sightseeing, or to visit friends and family. Domestic Tourism is an important part of the tourism industry, as it generates revenue for local businesses and supports local economies. It is important to note that Domestic Tourism is different from Inbound Tourism, which refers to the travel of foreign visitors to a country, and Outbound Tourism, which refers to the travel of residents of a country to other countries.

Lies die Unterrichtsnotiz zu Transport, Tourism, Communication And Warehousing (WAEC)

Transport, Tourism, Communication And Warehousing

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Frage 35 Bericht

One of these is not a factor affecting prices of securities?

The Forces of demand and supply

Activities of speculators

Political situation of a country

Financial statements of the company

Antwortdetails

The financial statements of a company are not a factor that directly affects the prices of securities. Financial statements provide information about a company's financial performance, which can influence investors' perceptions of the company and its prospects. However, it is ultimately the forces of demand and supply in the market, along with the activities of speculators and the political situation of a country, that determine the price of securities. The forces of demand and supply are the most fundamental factors affecting securities prices. If there is a high demand for a security and a limited supply, the price of the security will increase. Conversely, if there is low demand and a surplus supply, the price of the security will decrease. Activities of speculators can also affect securities prices. Speculators buy and sell securities with the intention of making a profit from short-term price fluctuations. Their actions can amplify or dampen the effects of supply and demand, leading to increased volatility in securities prices. The political situation of a country can also have an impact on securities prices. Political events such as elections, wars, and changes in government policy can affect the economy and investor sentiment, leading to fluctuations in securities prices. Overall, the prices of securities are influenced by a combination of factors, with the forces of demand and supply being the most important.

Lies die Unterrichtsnotiz zu Stock Exchange (JAMB)

Stock Exchange

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Frage 36 Bericht

Commerce brings about all except one

International co-operation

Improvement in the standard of living

Monotony of work

Infrastructural development

Antwortdetails

Commerce brings about international cooperation, improvement in the standard of living, and infrastructural development, but it does not bring about monotony of work. Commerce involves buying and selling goods and services between countries and between individuals, and this can lead to international cooperation as countries work together to exchange goods and services and build relationships. This can also lead to an improvement in the standard of living, as people have access to a wider range of goods and services and can trade with others to get what they need. Infrastructural development, such as the construction of ports, airports, and roads, can also be a result of commerce, as these facilities are needed to support the transportation of goods and services. However, commerce does not bring about monotony of work, as work in commerce can be diverse and dynamic, involving a range of activities such as marketing, sales, and logistics. While some tasks within commerce may become repetitive, the nature of commerce itself is not monotonous.

Lies die Unterrichtsnotiz zu Commerce (JAMB)

Commerce

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Frage 37 Bericht

In Nigeria, it is mandatory for all business enterprises to be registered with the________

Government

Corporate Affairs Commission

Agent

Enterprise

Antwortdetails

In Nigeria, all business enterprises are required to be registered with the Corporate Affairs Commission (CAC). The CAC is a government agency that is responsible for registering and regulating all business activities and organizations in Nigeria. By registering with the CAC, a business can legally operate in Nigeria and receive protection under the law. The CAC also helps to ensure that businesses are operating in a fair and transparent manner, and provides a database of all registered businesses for the public to access.

Lies die Unterrichtsnotiz zu Legal Aspect Of Business (WAEC)

Legal Aspect Of Business

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Frage 38 Bericht

Use the following information to answer this question.

The following is a summary of the asset and liabilities of Ojo trading company as at 31st December, 2018

Initial Capital	5000
Net Profit	1000
Furniture	2000
Equipment	2900
Debtors	100
Stock	1000
Bank	500

From the above, calculate Current assets

1600

1060

1500

600

Antwortdetails

To calculate the current assets of Ojo Trading Company, we need to add up all the assets that are expected to be converted into cash within one year. These include: - Debtors: The amount of money that the company is owed by its customers within one year. - Stock: The value of the goods that the company currently holds in inventory that are expected to be sold within one year. - Bank: The amount of cash that the company has in its bank accounts. Adding these up, we get: Current assets = Debtors + Stock + Bank = 100 + 1000 + 500 = 1600 Therefore, the current assets of Ojo Trading Company as at 31st December, 2018 is 1600. In summary, current assets are those assets that are expected to be converted into cash within one year. For Ojo Trading Company, the current assets include debtors, stock and bank, which when added together, give a total of 1600.

Lies die Unterrichtsnotiz zu Commerce (JAMB)

Lies die Unterrichtsnotiz zu Occupation (WAEC)

Commerce

Occupation

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Frage 39 Bericht

A partnership may be automatically dissolved due to the following factors except________

Court verdict

Joint decision

Admission of new partners

Bankruptcy of a partner

Antwortdetails

A partnership may be automatically dissolved due to any of the following factors: court verdict, joint decision, or bankruptcy of a partner. However, the admission of new partners does not automatically dissolve a partnership. When a partnership is dissolved, it means that the business relationship between the partners has ended, and the partners are no longer bound to work together. The dissolution can occur for various reasons, including those listed above. A court verdict may dissolve a partnership when a lawsuit is brought against the partners, and the court orders the dissolution of the partnership. A joint decision to dissolve the partnership occurs when all the partners agree to end their business relationship. The bankruptcy of a partner may also lead to the automatic dissolution of a partnership. In this case, the bankrupt partner's assets may be used to pay off the partnership's debts, and the remaining partners may not be willing or able to continue the business. On the other hand, the admission of new partners does not necessarily dissolve a partnership. It is possible for a partnership to bring in new partners without ending the existing partnership. However, the addition of new partners may require a re-negotiation of the partnership agreement, which can lead to changes in the terms and conditions of the partnership.

Lies die Unterrichtsnotiz zu Legal Aspects Of Business (JAMB)

Legal Aspects Of Business

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Frage 40 Bericht

In the formation of a united liability company, the following documents are prepared except_______

Memorandum of Association

Article of Association

Statement of Nominal Capita

Prospectus

Antwortdetails

A prospectus is an invitation to the public to purchase shares or debentures. It is most often issued by public limited companies.

Lies die Unterrichtsnotiz zu Legal Aspect Of Business (WAEC)

Legal Aspect Of Business

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