Commerce 2008 Jamb Examination
Question 21
The balance of payments consists of the current account and the capital account. Therefore the correct option is C.
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Question 22
Globalization reduces or removes barriers to international trade by promoting free flow of goods, services, and capital across borders. Therefore the correct option is B.
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Question 23
A price list is a document that specifies the prices of various goods for buyers. Therefore the correct option is B.
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Question 24
FOB (Free On Board) means the seller bears all costs until the goods are loaded on board the ship, while the buyer bears the insurance and transport costs. Therefore the correct option is C.
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Question 25
A crossed cheque marked 'not negotiable' cannot be cashed directly; it must be paid into the current account of the payee. Therefore the correct option is B.
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Question 26
A trade association pools and shares business information among its members for their mutual benefit. Therefore the correct option is B.
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Question 27
The umbrella body for all chambers of commerce in Nigeria is the Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA). Therefore the correct option is C.
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Question 28
The basic resources for business development are man, money, materials, and machines (the 4Ms of management). Therefore the correct option is C.
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Question 29
The four Ps of marketing are price, product, place, and promotion. Therefore the correct option is C.
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Question 30
Personal selling involves face-to-face communication with customers to provide information and persuade them to buy, thereby creating product awareness. Therefore the correct option is C.
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\[
\begin{array}{|l|r|}
\hline
\textbf{Description} & \textbf{₦} \\
\hline
\text{Materials consumed} & 16{,}600 \\
\text{Direct cost} & 5{,}400 \\
\text{Factory rent} & 2{,}300 \\
\text{Factory lighting} & 1{,}200 \\
\hline
\end{array}
\]
Cost of production to be transferred at cost plus 20% mark-up
The market value of goods produced is
When creating a document in Desktop Publishing software (like Microsoft Publisher), what is defined as the 'overflow area'?
What is it that helps prevent users from illegally making copies of a software program without purchasing it?
Direction: Three of the following four number pairs are alike in a certain way and one is different. Find the odd one out ?