A disadvantage of personal selling is that it

Increases a company’s operating costs

Increase a company’s number of customers

Reduces a company area of patronage

Increases a company’s operating costs

Decreases a company’s operating costs

Transfer of ownership from government to individuals

Transfer of ownership from individual to government

Transfer of ownership from government to stakeholders

Transfer of ownership from government to individuals

Government taking charge of all businesses

The three components of staffing are?

recruitment, selection and placement

recruitment, interview and appointment

recruitment, selection and placement

recruitment, test and placement

recruitment, procurement and appointment

Money is generally acceptable for transaction due to

Its acceptability in the global market

The central bank’s Governor’s signature

The main objective of corporate mergers is to?

minimize the effect of taxation

Why is clear bill of lading called so?

It shows no records of damaged goods

It shows records of damaged goods

It shows no records of damaged goods

JAMB UTME - Commerce - 2018

Ajụjụ 1 Ripọtì

When does production ends?

When the goods are distributed to the wholesalers

When the goods reaches the retailer

When the goods reaches the final consumers Azịza ziri ezi

When the goods are fully packaged

Akọwa Nkọwa

Gụọ akwụkwọ nkuzi na Production (WAEC)

Gụọ akwụkwọ nkuzi na Occupation (WAEC)

Production

Occupation

Lee Azịza

Ajụjụ 2 Ripọtì

An organization which focuses on consumers satisfaction is practicing

Marketing concepts Azịza ziri ezi

Selling concepts

Consumerism

Market segmentation

Akọwa Nkọwa

The organization that focuses on consumer satisfaction is practicing the marketing concept. The marketing concept is a business philosophy that emphasizes meeting the needs and wants of customers while achieving the organization's goals. It involves researching and understanding the needs of target customers, developing products and services that meet those needs, and then promoting and distributing those products effectively. By focusing on consumer satisfaction, the organization is prioritizing the customer's needs and aiming to provide them with the best possible experience. This approach is in contrast to the selling concept, which focuses more on pushing products onto customers regardless of their needs or wants. Similarly, consumerism is a social movement that advocates for the rights and protection of consumers, while market segmentation is a strategy of dividing a market into smaller groups of customers with similar needs and characteristics for targeted marketing efforts.

Gụọ akwụkwọ nkuzi na Elements Of Marketing (JAMB)

Elements Of Marketing

Lee Azịza

Ajụjụ 3 Ripọtì

Why will a cheque be dishonored?

Regular signature

high amount of money written on the cheque

insufficient funds Azịza ziri ezi

general crossing

Akọwa Nkọwa

Gụọ akwụkwọ nkuzi na Purchase And Sale Of Goods (JAMB)

Gụọ akwụkwọ nkuzi na Commerce (JAMB)

Purchase And Sale Of Goods

Commerce

Lee Azịza

Ajụjụ 4 Ripọtì

Given

	N
sales	15,000
opening stock	5,600
purchase	9,700
closing stock	4,400
gross profit	4,500
net profit	2,000

What is the rate of turnover from the table?

3.50 times

3.00 times

2.00 times

2.18 Azịza ziri ezi

Akọwa Nkọwa

Lee Azịza

Ajụjụ 5 Ripọtì

Bank overdraft as a short term source of fund is

A current liability Azịza ziri ezi

An overdrawn account

Grade to a newly opened account

Repayable after more than a year

Akọwa Nkọwa

Gụọ akwụkwọ nkuzi na Commerce (JAMB)

Gụọ akwụkwọ nkuzi na Trade (JAMB)

Commerce

Trade

Lee Azịza

Ajụjụ 6 Ripọtì

Rights issue means the?

issue of shares to the directors of a company.

issue of shares by a company only to the founders of the company Azịza ziri ezi

right of shareholders to vote on any issue

issue of shares to shareholders on favorable terms

Akọwa Nkọwa

Gụọ akwụkwọ nkuzi na Purchase And Sale Of Goods In Home And Foreign Trade (WAEC)

Gụọ akwụkwọ nkuzi na Commerce (JAMB)

Purchase And Sale Of Goods In Home And Foreign Trade

Commerce

Lee Azịza

Ajụjụ 7 Ripọtì

The maximum number of shareholders in a public liability company is

One hundred

Unlimited Azịza ziri ezi

Fifty

Twenty

Akọwa Nkọwa

The maximum number of shareholders in a public liability company is unlimited. This means that there is no specific limit to the number of shareholders that can own shares in the company. A public liability company, also known as a public limited company (PLC), is a type of business organization that is publicly traded on a stock exchange. This means that shares of the company can be bought and sold by the general public. Since a public liability company has the ability to sell shares to the public, it is not practical to limit the number of shareholders to a specific number. By allowing an unlimited number of shareholders, a public liability company can raise a significant amount of capital through the sale of shares, which can then be used to finance the growth and expansion of the business. However, it is important to note that there may be specific rules and regulations in each country regarding the formation and operation of a public liability company, and it is advisable to seek professional advice before starting such a company.

Gụọ akwụkwọ nkuzi na Business Capital And Profits (WAEC)

Business Capital And Profits

Lee Azịza

Ajụjụ 8 Ripọtì

Which is the fastest means of transportation?

Water

air Azịza ziri ezi

rail

Road

Akọwa Nkọwa

In general, air transportation is the fastest means of transportation. This is because airplanes can travel at extremely high speeds, reaching hundreds of miles per hour. In comparison, water transportation such as boats and ships typically move at much slower speeds due to resistance from the water. Similarly, rail and road transportation are also limited by factors such as traffic, terrain, and speed limits. Of course, there are exceptions to this rule. For example, in certain situations such as traveling short distances or in congested urban areas, road transportation may actually be the fastest option. And while air transportation may be the fastest in terms of raw speed, it can be limited by factors such as security checks, boarding procedures, and delays due to weather conditions. Overall, while there are many factors to consider, in terms of pure speed, air transportation is typically the fastest means of getting from one place to another.

Gụọ akwụkwọ nkuzi na Transport, Tourism, Communication And Warehousing (WAEC)

Transport, Tourism, Communication And Warehousing

Lee Azịza

Ajụjụ 9 Ripọtì

Excise duties are paid on goods that are?

imported into the country

manufactured within the country Azịza ziri ezi

exported to other countries

kept in bonded warehouse

Akọwa Nkọwa

Lee Azịza

Ajụjụ 10 Ripọtì

i. personal savings. ii. retained earnings iii. accrued taxes.

Which of the items constitute internal sources of financing for companies?

i and ii Azịza ziri ezi

i and iii

ii and iii

i, ii and iii

Akọwa Nkọwa

Gụọ akwụkwọ nkuzi na Financing Business (JAMB)

Financing Business

Lee Azịza

Ajụjụ 11 Ripọtì

When does the buyer in a hire purchase becomes the owner of the goods?

When all installments have been fully paid Azịza ziri ezi

After payment of the first installment

Before the payment of the first installment

When half of the purchased price has been paid

Akọwa Nkọwa

Lee Azịza

Ajụjụ 12 Ripọtì

Services which are of absolute monopoly can best be provided by?

private companies

limited liability

public companies

public enterprises Azịza ziri ezi

Akọwa Nkọwa

Services which are of absolute monopoly can best be provided by public enterprises. When a service is an absolute monopoly, it means that only one entity can provide that service due to various factors such as high barriers to entry, legal regulations, or exclusive ownership of resources. In such cases, private companies may not be able to enter the market and compete effectively, as they may lack the necessary resources or expertise to provide the service. On the other hand, public enterprises are owned and operated by the government, which can help ensure that the service is provided fairly and efficiently. Public enterprises can also prioritize the needs of the public over profit maximization, which can be especially important for services that are essential to the well-being of citizens. However, it's important to note that the effectiveness of public enterprises can vary depending on the specific context and the quality of governance. In some cases, private companies or other forms of ownership may be better suited to provide certain services, especially if there is competition and proper regulation in place to prevent abuses of power.

Gụọ akwụkwọ nkuzi na Commerce (JAMB)

Gụọ akwụkwọ nkuzi na Occupation (JAMB)

Commerce

Occupation

Lee Azịza

Ajụjụ 13 Ripọtì

A pro forma invoice is sent to inform a buyer about the?

quantity of goods

price of goods Azịza ziri ezi

designation of goods

quality of goods

Akọwa Nkọwa

A pro forma invoice is sent to inform a buyer about the price of goods. A pro forma invoice is a document that is used in international trade to provide a buyer with an estimated cost of goods and services before the actual transaction takes place. It is not a legally binding document and does not require payment. Instead, it is used as a tool to help the buyer plan and prepare for the final purchase. The pro forma invoice typically includes information about the price of the goods, such as the unit price and the total cost. It may also include information about any taxes, duties, or other charges that may be associated with the purchase. In addition, it may include information about the payment terms, such as the due date and the method of payment. While a pro forma invoice may include some information about the quantity, designation, and quality of the goods, its primary purpose is to provide the buyer with an estimate of the price. This information can be helpful in determining whether the buyer is interested in making the purchase, and can also be used to plan for any necessary financing or budgeting.

Gụọ akwụkwọ nkuzi na Purchase And Sale Of Goods (JAMB)

Purchase And Sale Of Goods

Lee Azịza

Ajụjụ 14 Ripọtì

A form of ownership which exploits the strenght of one partner to remedy the weakness of the other is the?

joint partnership Azịza ziri ezi

cooperative

corporation

joint venture

Akọwa Nkọwa

Lee Azịza

Ajụjụ 15 Ripọtì

Chinyere agreed to make a dress for Halima with September 20, 1995 as the delivery date. If the dress was not ready at that date, Halima could

Seize another gown from Chinyere’s shop

Regard the contract between them as terminated Azịza ziri ezi

Sue Chinyere for specific performance

Sue Chinyere for damages

Akọwa Nkọwa

Gụọ akwụkwọ nkuzi na Legal Aspects Of Business (JAMB)

Gụọ akwụkwọ nkuzi na Legal Aspect Of Business (WAEC)

Legal Aspects Of Business

Legal Aspect Of Business

Lee Azịza

Ajụjụ 16 Ripọtì

A debenture holder is entitled to

Dividend

Interest Azịza ziri ezi

commission

Profit

Akọwa Nkọwa

A debenture holder is entitled to receive interest on the amount of money they have lent to the company by purchasing a debenture. The interest rate and payment schedule will be set out in the debenture agreement. Unlike shareholders, debenture holders do not have an ownership stake in the company, so they are not entitled to receive dividends, commissions, or a share of the profits. Their return on investment is limited to the interest payments specified in the debenture agreement, and they have no say in the management of the company.

Gụọ akwụkwọ nkuzi na Legal Aspects Of Business (JAMB)

Legal Aspects Of Business

Lee Azịza

Ajụjụ 17 Ripọtì

A group of companies is a collection of?

subsidiaries and their holding company Azịza ziri ezi

firms

associates and their holding company

industries

Akọwa Nkọwa

A group of companies is a collection of firms that are related to each other in some way, usually through ownership or control. This can include a holding company and its subsidiaries, as well as associates and their holding company. The companies within a group often have common goals and may work together to achieve them. By grouping together, companies can share resources, expertise, and expenses, which can lead to efficiencies and cost savings. Additionally, a group of companies may have a stronger market position than any of its individual members, which can be advantageous in a competitive industry.

Gụọ akwụkwọ nkuzi na Business Units (JAMB)

Gụọ akwụkwọ nkuzi na Occupation (WAEC)

Business Units

Occupation

Lee Azịza

Ajụjụ 18 Ripọtì

Trade fairs in Nigeria are organized by

Ministry of Commerce and Industry

Chambers of Commerce Azịza ziri ezi

The Federal Government

Manufacturer’s Association of Nigeria

Akọwa Nkọwa

Gụọ akwụkwọ nkuzi na Trade (WAEC)

Gụọ akwụkwọ nkuzi na Commerce (JAMB)

Trade

Commerce

Lee Azịza

Ajụjụ 19 Ripọtì

Erroneous real arrangement of financial figure such as writing N624 as N264 is called?

ommission

commission

transposition Azịza ziri ezi

principle

Akọwa Nkọwa

The erroneous real arrangement of financial figures, where the digits are mistakenly swapped or reversed, is called transposition. For example, if the correct figure is N624 but it is mistakenly written as N264, this is a transposition error because the digits '2' and '6' have been switched or transposed. Transposition errors are a common type of mistake in financial calculations and accounting, and they can lead to significant errors in financial reports and transactions. To avoid transposition errors, it is important to double-check all financial figures and calculations, and to use tools such as calculators and spreadsheets to help minimize the risk of errors. Additionally, it can be helpful to have a second person review financial reports and transactions to catch any mistakes that may have been missed.

Gụọ akwụkwọ nkuzi na Advertising (WAEC)

Gụọ akwụkwọ nkuzi na Information And Communication Technology (ict) (JAMB)

Advertising

Information And Communication Technology (ict)

Lee Azịza

Ajụjụ 20 Ripọtì

Sudden technological changes can have the effect of making?

a company's management style ineffective

a company's product obsolete Azịza ziri ezi

the control mechanism difficult to implement

the motivational factors in the company difficult to monitor

Akọwa Nkọwa

Sudden technological changes can have the effect of making a company's product obsolete because newer technologies often provide better and more efficient solutions. As a result, companies that fail to adapt to these changes risk losing their market share and becoming irrelevant. Moreover, sudden technological changes can also make a company's management style ineffective, especially if the new technology requires a different approach to managing employees or implementing processes. Similarly, the control mechanism may become difficult to implement if the new technology requires new tools or software that are not compatible with the existing infrastructure. Lastly, sudden technological changes may make it difficult to monitor the motivational factors in the company. For instance, employees may become demotivated if they feel that their skills are no longer relevant or that they cannot keep up with the pace of technological advancement. This can lead to a decline in productivity and morale, which can ultimately affect the company's bottom line.

Gụọ akwụkwọ nkuzi na Information And Communication Technology (ict) (JAMB)

Gụọ akwụkwọ nkuzi na Legal Aspects Of Business (JAMB)

Gụọ akwụkwọ nkuzi na Elements Of Business Management (JAMB)

Information And Communication Technology (ict)

Legal Aspects Of Business

Elements Of Business Management

Lee Azịza

Ajụjụ 21 Ripọtì

The internet is a system of telecommunication used for

The internet is a system of telecommunication used for Azịza ziri ezi

Communicating long distance messages

Sending and receiving text messages

Communicating messages through telegrams

Akọwa Nkọwa

The internet is a system of telecommunication that allows people and devices to communicate and exchange information over long distances through digital networks. It enables us to send and receive a wide range of media, such as text, images, and videos, through various applications like email, social media, and messaging platforms. In other words, the internet is a massive global network of computers that are connected to each other and exchange information through standard protocols, allowing us to communicate with each other in real-time, regardless of our physical locations.

Gụọ akwụkwọ nkuzi na Information And Communication Technology (ict) (JAMB)

Information And Communication Technology (ict)

Lee Azịza

Ajụjụ 22 Ripọtì

The insurance principle that requires full disclosure of information on the insured is known as ?

indemnity

caveat emptor

subrogation

uberrimae Fidel Azịza ziri ezi

Akọwa Nkọwa

The insurance principle that requires full disclosure of information on the insured is known as "uberrimae Fidel". This Latin term can be translated to "utmost good faith", and it means that both the insurance company and the insured have a duty to be honest and transparent with each other. When applying for insurance, the insured must disclose all relevant information about their situation, such as any pre-existing medical conditions or risky activities they engage in. This helps the insurance company to accurately assess the risk of insuring that individual and set the appropriate premium. In turn, the insurance company has a duty to be honest about the coverage they provide and any exclusions or limitations in the policy. This principle of utmost good faith ensures that the relationship between the insured and the insurer is based on trust and fairness.

Gụọ akwụkwọ nkuzi na Legal Aspect Of Business (WAEC)

Legal Aspect Of Business

Lee Azịza

Ajụjụ 23 Ripọtì

__________ is a source of short term capital?

Overdraft Azịza ziri ezi

debenture

leasing

Akọwa Nkọwa

An overdraft is a source of short term capital. An overdraft allows you to withdraw more money from your bank account than you have available in your account balance. The bank essentially lends you the difference, and you can use the extra funds for a short period of time, usually until your next deposit. This is a convenient way to get access to quick cash when you need it, but it typically comes with high interest rates and fees, so it's important to use it wisely and pay it back as soon as possible.

Gụọ akwụkwọ nkuzi na Financing Business (JAMB)

Financing Business

Lee Azịza

Ajụjụ 24 Ripọtì

A form of money that has gone out of use is ?

commodity money Azịza ziri ezi

bank money

paper money

foreign money

Akọwa Nkọwa

The form of money that has gone out of use is commodity money. Commodity money is a type of currency that is made of a physical commodity with intrinsic value, such as gold, silver, or salt. In the past, people would use these commodities as a medium of exchange because they were valuable in and of themselves. However, as economies grew and became more complex, commodity money became impractical and inconvenient for day-to-day transactions. In its place, bank money and paper money emerged as more convenient forms of currency that are easier to handle and transact with. Today, most countries use fiat money, which is not backed by a physical commodity but by the government's guarantee of its value.

Gụọ akwụkwọ nkuzi na Money (JAMB)

Money

Lee Azịza

Ajụjụ 25 Ripọtì

What do we call agreement between two people enforced by law?

Consideration

offer

contract Azịza ziri ezi

agreement

Akọwa Nkọwa

The agreement between two people that is enforced by law is called a contract. A contract is a legally binding agreement between two or more parties who have agreed to do something or refrain from doing something in exchange for something of value, known as consideration. For a contract to be valid, there must be an offer made by one party, acceptance of that offer by the other party, and consideration exchanged between the parties. The terms of the contract must be clear and unambiguous, and the parties must have the legal capacity to enter into the agreement. Once a contract is signed, both parties are obligated to fulfill their respective obligations, and if either party breaches the terms of the contract, the other party may seek legal remedies.

Gụọ akwụkwọ nkuzi na Legal Aspects Of Business (JAMB)

Gụọ akwụkwọ nkuzi na Legal Aspect Of Business (WAEC)

Legal Aspects Of Business

Legal Aspect Of Business

Lee Azịza

Ajụjụ 26 Ripọtì

A person who undertakes any risk in insurance business is known as ?

a broker

an underwriter Azịza ziri ezi

an insurer

an actuary

Akọwa Nkọwa

The person who undertakes any risk in insurance business is known as an underwriter. An underwriter is responsible for evaluating the risk associated with insuring a particular person, asset or event, and determining the appropriate premium to charge for that risk. They assess a variety of factors such as the likelihood of a claim being made, the potential cost of that claim, and the insurer's ability to cover the cost. Based on this analysis, the underwriter decides whether or not to accept the risk and issue an insurance policy, and at what price. In other words, an underwriter is like a risk manager for an insurance company. They are responsible for ensuring that the company only takes on risks that it can handle, and that the premiums charged are sufficient to cover any potential losses. Without underwriters, insurance companies would not be able to accurately assess risk, and may be more likely to experience financial difficulties or even failure.

Gụọ akwụkwọ nkuzi na Legal Aspect Of Business (WAEC)

Legal Aspect Of Business

Lee Azịza

Ajụjụ 27 Ripọtì

When it becomes necessary to liquidate a company, the first step to be taken is the appointment of a?

a receiver

an auditor

an account

a liquidator Azịza ziri ezi

Akọwa Nkọwa

When a company needs to be liquidated, the first step is to appoint a liquidator. A liquidator is a professional who is responsible for managing the process of closing down the company, selling its assets, and distributing the proceeds to the creditors and shareholders. The liquidator's primary goal is to ensure that the assets of the company are sold for the best possible price, and that the proceeds are distributed fairly among the company's creditors and shareholders. The liquidator is typically appointed by the court, although in some cases, the company's directors or shareholders may appoint a liquidator voluntarily. Once appointed, the liquidator takes over the management of the company and has the power to sell its assets, settle its debts, and distribute any remaining funds to the shareholders. In summary, when a company needs to be liquidated, the first step is to appoint a liquidator who will manage the process of selling its assets and distributing the proceeds to its creditors and shareholders.

Gụọ akwụkwọ nkuzi na Legal Aspects Of Business (JAMB)

Legal Aspects Of Business

Lee Azịza

Ajụjụ 28 Ripọtì

Current account holders withdraw money through

Credit card

Cheque Azịza ziri ezi

Transfer

Withdrawal form

Akọwa Nkọwa

Gụọ akwụkwọ nkuzi na Production (JAMB)

Production

Lee Azịza

Ajụjụ 29 Ripọtì

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

Culture and tourism

Finance

Industries

Commerce Azịza ziri ezi

Akọwa Nkọwa

In Nigeria, the ministry in charge of registering trade associations is the Ministry of Trade and Industry. This ministry is responsible for the formulation and implementation of policies and programs that promote the development of trade, commerce, and industry in the country. The Ministry of Trade and Industry works to create an enabling environment for businesses to thrive, by providing support services and developing policies that facilitate trade and commerce. The ministry is also responsible for promoting the development of micro, small, and medium-sized enterprises (MSMEs) in the country. MSMEs play a crucial role in the Nigerian economy, contributing significantly to job creation and economic growth. The Ministry of Trade and Industry works to support these businesses by providing access to finance, technical assistance, and other resources that can help them to grow and compete in the global marketplace. In summary, the Ministry of Trade and Industry is the government agency in Nigeria that is responsible for registering trade associations. This ministry works to promote the development of trade, commerce, and industry in the country, and to support the growth of MSMEs.

Gụọ akwụkwọ nkuzi na Trade Associations (WAEC)

Trade Associations

Lee Azịza

Ajụjụ 30 Ripọtì

A printer that burns the print image into the photosensitive drum is called?

dot matrix printer

laser printer Azịza ziri ezi

daisy wheel printer

thermal printer

Akọwa Nkọwa

The printer that burns the print image into the photosensitive drum is called a laser printer. A laser printer works by using a laser beam to create an electrostatic image on a photosensitive drum. The drum is then coated with toner, which is attracted to the areas that were exposed to the laser. The toner is then transferred onto paper and fused to the paper using heat. In contrast, dot matrix printers use a set of pins to strike an inked ribbon and form characters on paper, while daisy wheel printers use a rotating wheel with raised characters that strike an inked ribbon. Thermal printers use heat to transfer ink onto paper.

Gụọ akwụkwọ nkuzi na Production (WAEC)

Production

Lee Azịza

Ajụjụ 31 Ripọtì

Which of the following is a verbal means of communication

Telephone Azịza ziri ezi

Express mail

Business reply services

Telex

Akọwa Nkọwa

The verbal means of communication is a type of communication that involves the use of words, either spoken or written, to convey a message from the sender to the receiver. Out of the options provided, the verbal means of communication is the telephone. The telephone allows people to communicate verbally with each other in real-time, which means that they can have a conversation back and forth immediately. This type of communication is useful when people need to discuss complex or sensitive issues, or when they need to get immediate feedback or clarification. In addition, the telephone can help to build relationships between people and can create a more personal connection than other forms of communication, such as email or text messaging. By contrast, express mail, business reply services, and telex are all written means of communication. Express mail and business reply services are both used to send physical documents and packages, while telex is an older technology that used a network of teleprinters to send written messages over long distances. Overall, while all of these means of communication can be useful in different situations, the telephone is the best option for verbal communication.

Gụọ akwụkwọ nkuzi na Information And Communication Technology (ict) (JAMB)

Information And Communication Technology (ict)

Lee Azịza

Ajụjụ 32 Ripọtì

The act of selling in a foreign market at a price lower than the cost price is called

Dumping

Azịza ziri ezi

hedging

fair trading

under sale

Akọwa Nkọwa

The act of selling in a foreign market at a price lower than the cost price is called "dumping". This means that a company is selling its products in another country at a price that is below the cost of production, or below the price that it charges in its home market. Dumping is often used as a strategy by companies to gain a foothold in a new market or to increase their market share. However, it can be harmful to the local businesses in the foreign market because they may not be able to compete with the low prices of the dumped products. In some cases, dumping can also be illegal under international trade laws. To summarize, dumping is the act of selling products in a foreign market at a price that is lower than the cost of production, which can harm local businesses and may be illegal under international trade laws.

Gụọ akwụkwọ nkuzi na Trade (WAEC)

Gụọ akwụkwọ nkuzi na Purchase And Sale Of Goods In Home And Foreign Trade (WAEC)

Gụọ akwụkwọ nkuzi na Commerce (JAMB)

Trade

Purchase And Sale Of Goods In Home And Foreign Trade

Commerce

Lee Azịza

Ajụjụ 33 Ripọtì

What is the difference between current assets and current liabilities?

Working capital Azịza ziri ezi

nominal capital

capital employed

issued capital

Akọwa Nkọwa

Gụọ akwụkwọ nkuzi na Commerce (JAMB)

Gụọ akwụkwọ nkuzi na Production (JAMB)

Commerce

Production

Lee Azịza

Ajụjụ 34 Ripọtì

The temporary working area of the control processing unit is called the?

CD-ROM

CD-RAM

ROM

RAM Azịza ziri ezi

Akọwa Nkọwa

The temporary working area of the control processing unit is called RAM, which stands for Random Access Memory. RAM is a type of memory that the computer uses to store data and programs that are currently in use. When the computer is turned off, the data stored in RAM is lost. This is why it is called "temporary" memory. In contrast, ROM, which stands for Read-Only Memory, is a type of memory that permanently stores data and programs even when the computer is turned off.

Gụọ akwụkwọ nkuzi na Information And Communication Technology (ict) (JAMB)

Information And Communication Technology (ict)

Lee Azịza

Ajụjụ 35 Ripọtì

The agency in Nigeria which ensures that products conform with government quality specifications is the?

standard organisation of Nigeria Azịza ziri ezi

Nigeria consumer association

manufacturers association of Nigeria

Nigeria chambers of commerce

Akọwa Nkọwa

The agency in Nigeria that ensures that products conform with government quality specifications is the Standard Organisation of Nigeria (SON). The Standard Organisation of Nigeria is a regulatory body that is responsible for setting standards for products, services, and systems in Nigeria. They ensure that products meet the required quality specifications and are safe for consumers to use. SON is tasked with the responsibility of inspecting goods produced both locally and imported into Nigeria to make sure that they meet the quality and safety standards set by the Nigerian government. In summary, if you want to make sure that a product you're buying or producing meets the required quality standards in Nigeria, the agency to contact is the Standard Organisation of Nigeria (SON).

Gụọ akwụkwọ nkuzi na Commerce (JAMB)

Commerce

Lee Azịza

Ajụjụ 36 Ripọtì

On liquidation of a public limited liability company, the residual owners are the?

creditors

debenture shareholders

preference shareholders

ordinary shareholder Azịza ziri ezi

Akọwa Nkọwa

When a public limited liability company is liquidated, its assets are sold to pay off its debts and obligations. Any money remaining after all the debts have been paid is called the residual value or the residual assets. The residual owners of a company are the owners who are entitled to this residual value. In a liquidation scenario, the residual owners of a company are the ordinary shareholders. They are the last in line to receive any payment, after the creditors, debenture shareholders, and preference shareholders have been paid. Ordinary shareholders are considered residual owners because they are the owners who have invested in the company's equity, and they only receive payment after all other obligations have been fulfilled. To put it simply, when a public limited liability company is liquidated, the residual owners who are entitled to any money left over after all debts and obligations have been paid are the ordinary shareholders.

Gụọ akwụkwọ nkuzi na Legal Aspects Of Business (JAMB)

Legal Aspects Of Business

Lee Azịza

Ajụjụ 37 Ripọtì

In the law of contact, a counter offer operates as

A contact

an acceptance

a rejection

a rejection. Azịza ziri ezi

Akọwa Nkọwa

A counter offer operates as a rejection. In the law of contract, a counter offer is a response to an original offer that changes the terms of the agreement. It acts as a rejection of the original offer and a new offer from the person making the counter offer. Until the new offer is accepted, there is no contract. So, if you receive a counter offer, it means that the person you made the original offer to is not accepting it as it is, but instead, they are proposing new terms for the agreement.

Gụọ akwụkwọ nkuzi na Legal Aspects Of Business (JAMB)

Legal Aspects Of Business

Lee Azịza

Ajụjụ 38 Ripọtì

Goods and services are made available to consumers through

The advertising agency

Sales promotion

The channel of distribution Azịza ziri ezi

The middle men

Akọwa Nkọwa

Gụọ akwụkwọ nkuzi na Purchase And Sale Of Goods (JAMB)

Gụọ akwụkwọ nkuzi na Commerce (JAMB)

Gụọ akwụkwọ nkuzi na Occupation (JAMB)

Purchase And Sale Of Goods

Commerce

Occupation

Lee Azịza

Ajụjụ 39 Ripọtì

In a public limited liability company, planning is carried out by

Employees

The chairman of the board

Shareholders Azịza ziri ezi

Manufacturer’s warehouse

Akọwa Nkọwa

In a public limited liability company, planning is carried out by the board of directors. A public limited liability company is a type of business structure that is owned by shareholders and managed by a board of directors. The board of directors is responsible for overseeing the company's operations and making important decisions, including planning for the future. This planning process involves setting goals, developing strategies, and making decisions about how the company will allocate its resources to achieve its goals. The board of directors is accountable to the shareholders, who elect the board members and have the power to approve or reject major decisions.

Gụọ akwụkwọ nkuzi na Legal Aspects Of Business (JAMB)

Legal Aspects Of Business

Lee Azịza

Ajụjụ 40 Ripọtì

One of the principles of insurance is

Proximate cause Azịza ziri ezi

Fidelity guarantee

Consequential loss

Surrender value

Akọwa Nkọwa

The principle of insurance that I would like to explain is "proximate cause." Proximate cause is a fundamental principle of insurance that states that for a loss to be covered by insurance, it must be caused by an event that is covered by the insurance policy. In other words, the cause of the loss must be directly related to a specific peril or risk that is covered by the insurance policy. For example, if you have a car insurance policy that covers damage caused by collisions, and your car is damaged in a collision with another vehicle, the proximate cause of the damage is the collision, and the loss should be covered by your insurance policy. On the other hand, if your car is damaged by a hailstorm, which is not covered by your collision insurance, the proximate cause of the damage is the hailstorm, and the loss may not be covered by your insurance policy. In summary, the principle of proximate cause is essential to ensure that insurance policies cover only the specific risks and perils that they are designed to cover, and not unrelated losses.

Gụọ akwụkwọ nkuzi na Legal Aspects Of Business (JAMB)

Legal Aspects Of Business

Lee Azịza






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