Commerce 2017 Jamb Examination
Question 11
Indigenisation is a policy aimed at transferring ownership of enterprises from foreigners to citizens of the country to promote local control. Correct option is C.
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Question 12
The Nigeria Export Promotion Council is responsible for promoting and regulating exports, including issuing export licences. Hence, correct option is B.
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Question 13
Homogeneity of money means that all units of the same denomination are identical in appearance and value, ensuring uniformity. Hence, correct option is D.
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Question 14
Advertising can sometimes provide misleading information to consumers, which is a disadvantage. Correct option is A.
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Question 15
Water corporations are typically owned and operated by the government to provide public services, making them public enterprises. Correct option is B.
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Question 16
Trade is the activity involving buying, selling, or exchanging goods and services. Hence, the correct option is B.
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Question 17
Production is considered complete when goods and services reach the final consumer who will use them. Correct option is A.
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Question 18
What is the reward accruable to land?
A retaining middleman, also known as a middleman who is employed on a permanent basis by a manufacturer, has the primary responsibility of storing and mSince land is a free gift of nature, it doesn't require any cost to be paid in order to make it available to the society for use.
As the quantity of land available for use is scarce relative to demand, a price must be paid for its use. Hence, the view point of the society , the earnings of land becomes economic rent.anaging perishable goods. This is because perishable goods have a limited shelf life and need to be sold quickly. By retaining a middleman, the manufacturer can ensure that their perishable products are readily available to consumers without the risk of spoilage. The middleman takes on the responsibility of storing, handling, and distributing these goods efficiently.
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Question 19
One demerit of communication is that information can be distorted during transmission, leading to inaccuracies. Correct option is C.
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Question 20
The function of commerce in relation to production is ______
Options A, B and C are placed under the types of production. When extraction has been made and a desired result attained, without getting the yielded results to the final consumer and without satisfying human wants, the function of commerce has not been actualized. Hence, production is said to be complete when the transferred raw materials have met its aim of satisfying human wants
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This question is based on selected poems from Ker, D. et al (eds.): New Poetry from Africa; Soyinka, W. (ed.): Poems of Black Africa; Senanu, K.E. and Vincent, T. (eds): A Selection of African Poetry; Umukoro, M. et al (eds.): Exam Focus Literature in English; Eruvbetine, A.E. et al (eds.): Longman Examination Guides; Nwoga, D.I. (ed.); West African Verse and Adeoti G.: Naked Soles.
Thorn in Adeoti's *Naked Soles* symbolizes