JAMB Commerce Past Questions 2010
10 questions from the JAMB 2010 Commerce paper, with answers and explanations. Tap "Show answer" under each one when you are ready.
JAMB 2010Question 1 · Business Organisation and Management
One of the main features of a partnership is?
- A.limited liability
- B.lack of corporate existence
- C.unlimited membership
- D.lack of utual confidence
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Answer: B. lack of corporate existence
Lack of separate corporate existence is a main feature of a partnership.
JAMB 2010Question 2 · Business Organisation and Management
The three components of staffing are?
- A.recruitment, interview and appointment
- B.recruitment, test and placement
- C.recruitment, selection and appointment
- D.recruitment, selection and placement
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Answer: D. recruitment, selection and placement
The three components of staffing are recruitment, selection and placement.
JAMB 2010Question 3 · Commerce Fundamentals and Occupations
A doctor who attends to patients at home after his official duty is?
- A.a community develoment worker
- B.a direct service worker
- C.an indirect sevice worker
- D.a direct and an indirect sevice worker
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Answer: C. an indirect sevice worker
A doctor attending patients at home after official duty renders an indirect service.
JAMB 2010Question 4 · International, Wholesale, and Retail Trade
After-sales service is a function usually rendered by?
- A.a retailer
- B.a wholesaler
- C.an agent
- D.an enterpreneur
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Answer: A. a retailer
After-sales service is usually rendered by a retailer.
JAMB 2010Question 5 · International, Wholesale, and Retail Trade
Entrepot trade usually occurs in?
- A.exchanging goods within a nation
- B.exchanging goods among countries
- C.importing goods to be re-exproted
- D.exproting goods to be re-imported
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Answer: C. importing goods to be re-exproted
Entrepot trade involves importing goods for subsequent re-export.
JAMB 2010Question 6 · Law of Contract and Agency
An opportunity to reject a binding contract at will by a third party is said to be a?
- A.valid contract
- B.quasi contract
- C.voidable contract
- D.conditional contract
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Answer: C. voidable contract
A voidable contract can be rejected at will by a party (or affected third party).
JAMB 2010Question 7 · Marketing and Advertising
One of the merits of television as a medium of of advertising is that it?
- A.is prone to censorship
- B.is relatively cheap
- C.has more sensory stimulation
- D.has more network coverage
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Answer: C. has more sensory stimulation
Television as an advertising medium offers more sensory stimulation (sight and sound).
JAMB 2010Question 8 · Money, Banking, and Stock Exchange
A characteristics of money which ensures that its value is not lost is?
- A.homogeneity
- B.easy portability
- C.divisibility
- D.relative scarcity
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Answer: D. relative scarcity
Relative scarcity ensures money retains its value.
JAMB 2010Question 9 · Office Practice and ICT
The central working system of a computer used for data processing is the?
- A.memory unit
- B.monitor
- C.floppy disk drive
- D.hard drive
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Answer: A. memory unit
The memory unit is central to a computer's data processing system.
JAMB 2010Question 10 · Production and Insurance
The factor of production that is subject to depreciation is?
- A.capital
- B.land
- C.labour
- D.entrepreneur
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Answer: A. capital
Capital (machinery/equipment) is the factor of production subject to depreciation.
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