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Question 1 Commerce | JAMB/UTME (2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000)
A
man utilizes the resources in his physical environment 
B
man produces, distributes and consumes his goods and services 
C
man buys, sells and distributes goods and services 
D
raw materials are changed into finished goods 
Explanation.
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'Generally, commerce refers to the exchange of goods, services or something of value, between businesses or entities. From a broad perspective, nations are concerned with managing commerce in a way that enhances the well-being of citizens, by providing jobs and producing beneficial goods and services. it is the activity of buying and selling, especially on a large scale. 


Correct Option:
C
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Question 2 Commerce | JAMB/UTME (2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000)
A
staffing 
B
selection 
C
recruitment 
D
employment 
Explanation.
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Staffing involves manning the organization structure through proper and effective selection, appraisal and development of the personnels to fill the roles assigned to the employers/workforce


Correct Option:
A
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Question 3 Commerce | JAMB/UTME (2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000)
A
sole trader 
B
joint company 
C
partnership 
D
public corporation 
Explanation.
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No official Explanation yet!


Correct Option:
B
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Question 4 Commerce | JAMB/UTME (2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000)
A
marketing 
B
advertising 
C
exchange 
D
branding 
Explanation.
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No official Explanation yet!


Correct Option:
B
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Question 5 Commerce | JAMB/UTME (2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000)
A
gives members the opportunity to unite 
B
draws members closer to government 
C
promotes awareness among members 
D
encourages thirft among members 
Explanation.
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No official Explanation yet!


Correct Option:
D
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Question 6 Commerce | JAMB/UTME (2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000)
A
manufacturing 
B
tertiary production 
C
secondary produuction 
D
primary production 
Explanation.
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Correct Option:
C
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Question 7 Commerce | JAMB/UTME (2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000)
A
indirect service 
B
commerical occupation 
C
direct service 
D
industrial occupation 
Explanation.
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Correct Option:
C
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Question 8 Commerce | JAMB/UTME (2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000)
A
memorandum of satisfaction 
B
dividend warrant 
C
deed 
D
prospectus 
Explanation.
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Correct Option:
D
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Question 9 Commerce | JAMB/UTME (2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000)
A
production 
B
consumption 
C
industrialization 
D
occupation 
Explanation.
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Correct Option:
A
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Question 10 Commerce | JAMB/UTME (2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000)
A
limited capital 
B
granting exceessive loans to members 
C
selling goods on credit to non-members 
D
management incompetence 
Explanation.
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Correct Option:
D
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