Commerce 2006 Jamb Examination
Question 11
Rendering customer service helps retain and attract patrons by ensuring satisfaction and loyalty.
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Question 12
An irredeemable bond pays only interest while the principal remains outstanding indefinitely.
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Question 13
A public company has 2 000 000 ordinary shares of 50k each and offers 50% for subscription at N2 per share. If the shares were fully subscribed, calculate the issued capital?
Total number of ordinary shares: 2,000,000.
Nominal value of each share: 50k (which is N0.50)
Subscription offer: 50% of the shares
Subscription price: N2 per share
Shares offered for subscription = 5% of 2,000,000 = 1,000,000.
Issued Capital = Shares offered × Subscription price = 1,000,000 x 2 = N2,000,000.
The issued capital when the shares are fully subscribed is N2,000,000.
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Question 14
Admission requires a documented three-year trading record to demonstrate market experience and stability.
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Question 15
The Federal Mortgage Bank is a development bank providing long-term finance for housing and development projects.
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Question 16
Speculation is trading in shares based on expected price changes to make profits.
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Question 17
A holding company acquires controlling interests in other firms by purchasing majority shares.
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Question 18
A major benefit of a current account is that the holder can issue cheques to third parties.
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Question 19
Form utility is created when raw materials are transformed into finished goods usable by consumers.
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Question 20
The factor which critically determines the choice of occupation is?
An individual's job choice is molded by their family, morals, values, intelligence, abilities, finances and most importantly the skills they posses.