Commerce 2012 Jamb Examination
Question 1
Government benefits from commerce mainly through taxation and duties, which generate revenue for growth and development.
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Question 2
Bricklaying is a typical example of an activity in the construction industry.
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Question 3
Labour can be motivated through remuneration such as wages and salaries.
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Question 4
Division of labour refers to breaking down production into tasks handled by different specialized skills.
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Question 5
A vending machine accepts money and automatically dispenses items to the customer.
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Question 6
Branding is mainly used to create a unique identity that differentiates a product from others.
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Question 7
International trade exists because of comparative advantage, where countries specialize in producing goods they can make more efficiently.
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Question 8
Differences in currency often complicate international trade due to exchange rates and convertibility issues.
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Question 9
A delivery note accompanies goods sent to the buyer and lists the items being delivered.
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Question 10
An indent is a document sent by a buyer to request specific goods from a supplier.
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