💻 JAMB CBT PRACTICE (COMMERCE)

1) An agent who has to sell perishable goods without the prior authority of the owner becomes an agent by

2) The stock exchange is a market where___

3) The process of converting a non-profit making organisation to a profit-making business is ________?

4) The unit through which result of a processed data are displayed is the?

5) The maximum number of shareholders in a public liability company is___

6) A document that indicates obligation that is transferable by delivery and endorsement is a?

7) The major participants in the stock market when stock prices are rising generally are the?

8) A worker who process rice is engaged in?

9)

10) Which of the following is a verbal means of communication

11) The act of selling in a foreign market at a price lower than the cost price is called___

12) Land as a factor of production does not vary in__

13) A bill of exchange already accepted can be discounted by the holder in____

14)

15) The activity of buying goods in bulk and selling in small quantities to retailers is known as ___

16) An announcement of a person\'s willingness to enter into a contract is referred to as___

17) The rate where a country\'s exports exchange for its imports is called___

18) The government agency involved in issuing of export licences is___

19) Marketing differs from selling in that,the latter only creates___

20) A cheque that has been drawn but not presented for payment can still be honored?

21) Service which are of absolute monopoly can can best be proved by___

22) The concept that refers to the sale, transfer or exchange of goods and services is

23) Which of the following is an item in the marketing mix?

24) The fees charged on postal order by the post office is___

25) Fluctuations in the supply of goods may be eliminated if the distribution system maintains?

26) The type of letters that are delivered through the normal mail or by airmail express service is referred to as

27) An example of a cartel is___

28) Current account holders withdraw money through

29) One of the major problems of a sole properitor is sourcing for____

30) In a hire purchase agreement between Argungu Ltd and Maikudi, Argungu Ltd inserted provision that it can enter Maikudi’s premises at any time and remove the hired vehicle for any breach. This provision is___

31) Parts payments made on alloted shares by subscribers is usually the____

32) A business organization that exploits the capabilities of a member to remedy the weakness of another is a___

33)

34) The board of directors of public enterprise is appointed by who?

35) At the collapse of a business enterprises, the person appointed to dispose off the assets is called