Commerce 2009 Jamb Examination
Question 31
If a firm has a turnover of N50 000 and the cost of goods sold is N40 000, what is the percentage of gross profit on sale?
Gross profit = Turnover – Cost of goods sold = 50,000 – 40,000 = 10,000.
Gross profit percentage = (10,000 ÷ 50,000) × 100 = 20%. Therefore the correct option is C.
Not clear enough?
Question 32
A consumers' association exists to safeguard consumers from exploitation by traders and manufacturers. Therefore the correct option is B.
Not clear enough?
Question 33
The Manufacturers' Association of Nigeria acts as a pressure group to influence government policies in favour of its members. Therefore the correct option is B.
Not clear enough?
Question 34
Money must have legality as a legal tender backed by law, which ensures it is recognized officially and protected against forgery. Therefore the correct option is A.
Not clear enough?
Question 35
The major dealers on the stock market are the?
A broker is an individual or firm that acts as an intermediary between an investor and a securities exchange. Brokers are the major players in the stock exchange market.
Not clear enough?
Question 36
The official daily list of the Nigeria Stock Exchange provides details of changes in the prices of securities traded. Therefore the correct option is D.
Not clear enough?
Question 37
The function which ensures that set objectives are attained by an organization is?
Planning is the function of management that involves setting objectives and determining a course of action for achieving those objectives. It involves deciding what needs to happen in the future (today, next week, next month, next year, over the next five years, etc.) and generating plans for action
Not clear enough?
Question 38
The line structure is military in nature because of its clear chain of command and authority. Therefore the correct option is A.
Not clear enough?
Question 39
Skilled manpower improves productivity and efficiency in organizations. Therefore the correct option is D.
Not clear enough?
Question 40
The marketing concept emphasizes customer needs and satisfaction in organizational decision-making. Therefore the correct option is B.
Not clear enough?
You might like
\[
\begin{array}{|l|r|}
\hline
\textbf{Description} & \textbf{₦} \\
\hline
\text{Opening balance} & 10{,}640 \\
\text{Purchases} & 26{,}912 \\
\text{Returns inwards} & 492 \\
\text{Returns outwards} & 810 \\
\text{Cash discount received} & 1{,}348 \\
\text{Cash discount allowed} & 1{,}560 \\
\text{Cash paid to suppliers} & 20{,}808 \\
\hline
\end{array}
\]
Which of the following amino acids is the primary excitatory neurotransmitter in the Central Nervous System?
This question is based on General Literary Principles.
The use of sound pattern to suggest meaning in poetry is