Commerce 2018 Jamb Examination
Question 11
A partnership can increase its capital by admitting new partners who contribute capital to the business. Correct option is B.
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Question 12
Rail transport is not flexible in terms of routes and schedules, which limits accessibility. Correct option is A.
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Question 13
Open market operations involve the buying and selling of government securities to control money supply. Correct option is C.
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Question 14
Excise duty is a tax levied on goods produced within a country. Correct option is B.
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Question 15
A trademark is a distinctive symbol or design that identifies and distinguishes a company or its products. Correct option is B.
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Question 16
The board of directors of public enterprise is appointed by who?
In a public enterprise, which is a company owned by the government, the board of directors is typically appointed by the shareholders, who hold the majority stake in the company.
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Question 17
The factors which critically determines the choice of occupation is
While skills, training, and aptitude are important considerations, a person's inherent interest in a field often drives their motivation to pursue the necessary education and training to pursue that career path. Having a strong interest in a subject makes the work more enjoyable and fulfilling, which is a major factor in occupational choice.
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Question 18
Bank overdraft is a short-term loan repayable within a year and classified as a current liability. Correct option is A.
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Question 19
The Food and Drug Department of the Federal Ministry of Health has the authority to withdraw unsafe food items from circulation. Correct option is A.
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Question 20
The Ministry of Commerce oversees registration and regulation of trade associations in Nigeria. Correct option is D.
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