Leaderboard: COMMERCE JAMB CBT
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COMMERCE JAMB CBT
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COMMERCE JAMB CBT
1-50 QUESTIONS
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Question 1 of 40
1. Question
The vessels that operate on specific route on high
seas and oceans arePlease like our facebook page here
Correct
Incorrect
Hint
ocean liners are vessels that operate on specific on
high seas and oceans and they operate on fixed time
schedule -
Question 2 of 40
2. Question
When an oil exploring and mining company
builds a health centre in one community where at
operates, such a company isPlease like our facebook page here
Correct
Incorrect
Hint
the health centre the company built is a social
amenity and in doing so it is fulfilling parts of is
social responsibility to the most community in which
it is doing business. -
Question 3 of 40
3. Question
Correct
Incorrect
Hint
is correct the headquarters of the world tourism
organization is located in Madrid, Spain -
Question 4 of 40
4. Question
A cheque drawn by a bank official on the bank’s
deposit in another bank on a customer’s deposit in
another bankPlease like our facebook page here
Correct
Incorrect
Hint
it is an order by the customer requesting the bank to
transfer certain amount from the customer’s account
to another bank account, so it is a standing order. -
Question 5 of 40
5. Question
Correct
Incorrect
-
Question 6 of 40
6. Question
Correct
Incorrect
Hint
Protection it is not meant to increase our materials
wealth but to make our lives worth living -
Question 7 of 40
7. Question
In product pricing, which of these elements need
more consideration than others?Please like our facebook page here
Correct
Incorrect
Hint
what the form consider first and most is the cost of
production i.e. the cost of producing the product as
this determines the price at which the product will be
sold. -
Question 8 of 40
8. Question
Correct
Incorrect
Hint
the type and structure of the property will determine
the value of the property since the value of the
property will have to be considered by the insurance
company before the contract will be entered into by
both parties. -
Question 9 of 40
9. Question
The agency in Nigeria which ensure that
products conform to government quality specification
is thePlease like our facebook page here
Correct
Incorrect
Hint
the standard organization of Nigeria is the
organization saddled with the responsibility of
ensuring that goods or products conform to
government quality specification -
Question 10 of 40
10. Question
Correct
Incorrect
Hint
privatization of government owned companies will
bring about increase in prices of goods and services
nd this situation will definitely not make the citizens
to be happy with the issue of privatization and as
such they will be against it. -
Question 11 of 40
11. Question
Correct
Incorrect
Hint
The primary market provide avenue where companies
and organization can issue new securities in order to
raise fund. -
Question 12 of 40
12. Question
The application of division of labour would
generally bring aboutPlease like our facebook page here
Correct
Incorrect
Hint
Division of labour ensure that there more hands
involved in the production of a particular, commodity -
Question 13 of 40
13. Question
The computer using linear integrated circuit
technology complied with quantification of data in
term of length and distance isPlease like our facebook page here
Correct
Incorrect
Hint
mainframe computer is the largest compute which his
all the features stated above. -
Question 14 of 40
14. Question
Correct
Incorrect
Hint
the devices involved in the internet are electronic
devices, the internet is used for sending electronic
message -
Question 15 of 40
15. Question
The implied provisions in every sale of goods as
contained in the sale of goods act of 1893 are
conditions andPlease like our facebook page here
Correct
Incorrect
Hint
warranties is any stipulation which is not of such
importance as to go to the root of the contract. The
breach of warranties gives the other party a right to
claim for damage but not to reject the contract. -
Question 16 of 40
16. Question
Correct
Incorrect
Hint
through communication the producer interacts with
the consumer through advertising. -
Question 17 of 40
17. Question
The effective and efficient delivery of the desired
satisfaction by a firm is said to be the practice ofCorrect
Incorrect
Hint
marketing concept is aimed at ensuring the
satisfaction of the consumer i.e. the buyer or
consumer is the vocal point in marketing -
Question 18 of 40
18. Question
The document that gives an important freehand
to obtain goods form any manufacturer isPlease like our facebook page here
Correct
Incorrect
Hint
Are open indent allows the importer to purchase
goods form any supplier since the of the producer is
not specified -
Question 19 of 40
19. Question
Company has an authorized capital of 100millon
shares at N1 per share, out of which 50 million shares
have been issued and fully paid-up the remaining 50
million shares havePlease like our facebook page here
Correct
Incorrect
Hint
not of the 100 million shares, 50 million has issued
and fully paid, this means that the remaining part of
the shares has not been issued. -
Question 20 of 40
20. Question
Correct
Incorrect
Hint
an invoice is a document sent by the seller to the
buyer showing the full details of gods sold such as
quantity, description, price, discount and the total
amount t o be paid. -
Question 21 of 40
21. Question
Correct
Incorrect
Hint
Option D is the correct answer because a family
doctor is rendering a private service to the family and
paid for by the family. Options A, B and C are not
correct because the service they rendered is paid for
by the government from taxes paid by member of the
public -
Question 22 of 40
22. Question
The business organization established mainly for
the purpose of carrying out specific assignment for a
specific duration is aPlease like our facebook page here
Correct
Incorrect
Hint
Option C is the correct because joint ventures are
established in order to accomplishment a specific
purpose after the ventures cease to operate ones the
purpose is accomplished. -
Question 23 of 40
23. Question
Second-tier securities market differs from the
first-tier securities market in that the former isPlease like our facebook page here
Correct
Incorrect
Hint
of the strongest condition attached to the quoting of
shares of compares under the first-tier securities
market is very strict. -
Question 24 of 40
24. Question
Correct
Incorrect
Hint
it involves the movement of tourist within their
country of residence tourist resident in Nigeria for
instance travelling within. -
Question 25 of 40
25. Question
Resource committees into the production of
relatively few commodities is known asPlease like our facebook page here
Correct
Incorrect
Hint
Specialization is the act of concentrating resources
and efforts into the production of relatively few
commodities by an individual, firm or a country -
Question 26 of 40
26. Question
The measure of independence available to the
individual business units that come together is the
main difference betweenPlease like our facebook page here
Correct
Incorrect
Hint
in merger and acquisition the firms coming together
are independent of one another as is not correct
because they are types of merge. -
Question 27 of 40
27. Question
Correct
Incorrect
Hint
Option C is the correct answer because it is a
magnetic storage unit, in which the access
mechanism and storage medium can be positioned
directly at the addresses sought to read or write
specific data items. -
Question 28 of 40
28. Question
The development of commercial activate in
Nigeria was harnessed byPlease like our facebook page here
Correct
Incorrect
Hint
Is good storage system makes it possible for goods
produced ahead of time to be stored until they are
needed. -
Question 29 of 40
29. Question
The forum for the selling and buying of securities
of small and medium companies is called.Please like our facebook page here
Correct
Incorrect
Hint
it is a market for buying and selling shares of small
and medium scale companies, -
Question 30 of 40
30. Question
The external environmental factors that affect a
business cooperation arePlease like our facebook page here
Correct
Incorrect
Hint
these elements affect the operation of business
eternally factor which can affect the operations of the
business. -
Question 31 of 40
31. Question
The difference between a private are public
limited liability company is that the formerPlease like our facebook page here
Correct
Incorrect
Hint
the former does allow members of the public to
subscribe to its shares. -
Question 32 of 40
32. Question
A type of long-term loan granted to companies
with fixed interest rate as well as with redeemable
and irredeemable features is referred to as projectsPlease like our facebook page here
Correct
Incorrect
Hint
it is a debenture that is grow under a seal by company
in acknowledgement of a debit undertaking to repay
the stated amount or sum on or before a certain date
and to pay a fixed rate of interest. There are
redeemable and irredeemable debenture -
Question 33 of 40
33. Question
The circulating capital of a business enterprise is
classified intoPlease like our facebook page here
Correct
Incorrect
Hint
circulating capital is the amount of many used for
day-to-day running of the business. It is the capital
available to a firm for general purpose after current
liabilities have been deducted. It is the excess of
current liabilities over the current liabilities -
Question 34 of 40
34. Question
A bond which attracts interest but leaves the
capital repaid is referred to asPlease like our facebook page here
Correct
Incorrect
Hint
the bond is per petrol, which is until death. The
issuing authority or entity pays a specific interest rate
periodically but provides no data on when the
principal will be returned. -
Question 35 of 40
35. Question
The document issued to a port authority when a
good are deposited is a”Please like our facebook page here
Correct
Incorrect
Hint
It is a document that shows that the goods are stored
in the warehouse and it entitles the holder to take
possession of the goods. -
Question 36 of 40
36. Question
The business environment that takes into
cognizance the age distribution ethnic mix and
educational level of the consumer isPlease like our facebook page here
Correct
Incorrect
Hint
demographic environment that put into consideration
the composition of the population of the consumers, it
determines the quantity of goods to be produced. -
Question 37 of 40
37. Question
Correct
Incorrect
Hint
the discount is allowed to encourage seller prompt
payment for the goods bought by the buyer. -
Question 38 of 40
38. Question
Musa obtains wool from his sheep, spins and
transform it into cloth which he sells to consumers,
this is a form ofPlease like our facebook page here
Correct
Incorrect
Hint
this integration involves the coming of two or more
firms at different production stage in the same
industry. The production of wool is one stage in the
production of cloths while spinning and
transformation of the wool into clothes is another
stage in the production of clothes -
Question 39 of 40
39. Question
Correct
Incorrect
Hint
The option is in line with the principle of subrogation
-
Question 40 of 40
40. Question
“For I have no pleasure in the death of him that
dieth, saith the lord God wherefore turn yourselves
and live ye.” which prophet did God tell this
statement?Please like our facebook page here
Correct
Incorrect
Hint
Bible reference Ezekiel 18:32.
Ezekiel was the prophet God was telling his mind
about the death of a sinner.