Commerce 2018 Jamb Examination
Question 61
The person who takes on the risk in insurance is called an underwriter. Correct option is B.
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Question 62
Bank giro allows a customer to pay multiple bills using a single cheque through the banking system. Correct option is C.
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Question 63
Consumer markets differ from industrial markets primarily by the type of demand, which is final consumption versus production. Correct option is A.
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Question 64
A trade association exists primarily to promote and protect the common interest of its members. Correct option is B.
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Question 65
Distribution and accessibility of goods relate to the "place" element of the marketing mix. Correct option is D.
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Question 66
Technological changes may render existing products outdated or obsolete. Correct option is B.
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Question 67
One of the factors which critically determines the choice of occupation is?
While skills, training, and aptitude are important factors in choosing a career, a person's genuine interest in a field drives their motivation and long-term commitment. Someone with a strong interest in a specific area is more likely to pursue the necessary education, training, and development of skills to pursue that career path.
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Question 68
Extractive industries deal with natural resource extraction and are classified as primary industries. Correct option is C.
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Question 69
Services with absolute monopoly are often provided by public enterprises controlled by the government. Correct option is D.
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Question 70
Paid-up share capital represents the actual capital received and is included in the balance sheet total. Correct option is D.
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