Commerce 2013 Jamb Examination
Commerce 2013 Jamb Examination
Question 21
In the Nigerian GSM industry, a parliament is organized by the Nigerian Communications Commission in order to
Parliament is organized to protect the interest of consumers in the GSM industry.
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Question 22
Trade fairs in Nigeria are organised by
Trade fairs are organized by the Manufacturers' Association of Nigeria.
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Question 23
Money is generally accepted for transactions due to
Money is accepted because of its legal backing.
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Question 24
Which of the following is a quality of money
Availability is a key quality of money.
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Question 25
Money can be simply be referred to as a
Money is simply a means of settlement in transactions.
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Question 26
Gilt-edged securities are issued mainly by
Gilt-edged securities are government-issued bonds with high security.
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Question 27
The initial function of a manager is
Planning is the primary function of management.
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Question 28
The most suitable organizational structure for small or medium sized enterprises is
Line structure is simplest and most suitable for SMEs.
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Question 29
In a staff-authority relationship, the opinion of a specialist in one department to another is
The specialist gives advice rather than issues commands in staff-authority relationships.
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Question 30
Management of a business involves the development of ideas for the
Management primarily focuses on planning and organizing production to satisfy human needs.