Commerce 2010 Jamb Examination

The capital market deals with long-term funds, and instruments include stocks and debentures.

For admission into the Second Tier Securities Market (SSM), a company must offer at least 20% of its equity shares to the public.

Staffing involves recruitment, selection, and placement of employees into positions.

Delegation of authority is largely influenced by the superior’s willingness and preference to assign duties.

When raw materials are processed into finished goods, form utility is created.

The marketing concept focuses primarily on identifying consumer needs and providing products or services that satisfy them.

Since demand for warm clothing is seasonal, variable pricing is most suitable.

A label like “pampers” identifies the product and differentiates it from others; this is branding.

Public relations involves deliberate and sustained efforts to create and maintain goodwill for a company and its products.

A voidable contract is binding but can be rejected or set aside by one of the parties.