Commerce 2006 Jamb Examination
Question 1
Tourism is an invisible export because it involves services provided to foreign visitors without a physical good being exported.
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Question 2
The hardware of a computer includes the input, output, and central processing units, which are the tangible components of the system.
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Question 3
Fidelity guarantee insurance protects the employer against financial loss caused by the dishonest acts of employees.
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Question 4
An ex gratia payment is a voluntary payment made by the insurer to the insured, not required by law or the insurance contract.
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Question 5
Tourism development provides job opportunities, helping to reduce unemployment and support social and economic growth.
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Question 6
The mode of transportation that conveys a limited variety of products through fixed laid routes is?
Pipeline transportation is a method of transportation that involves the movement of solid, liquid, or gaseous products over long distances through pipelines. The pipelines are made to only transport specific products on fixed routes.
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Question 7
An analog computer can simulate weather patterns and process continuous data, which is useful in meteorology.
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Question 8
Planning involves defining objectives and deciding the best way to achieve them in an organization.
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Question 9
Sales promotion uses incentives such as free gifts to encourage customers to buy products, boosting short-term sales.
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Question 10
Span of control refers to the number of subordinates a manager can efficiently supervise without losing effectiveness.
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