JAMB Commerce Past Questions 2015
10 questions from the JAMB 2015 Commerce paper, with answers and explanations. Tap "Show answer" under each one when you are ready.
JAMB 2015Question 1 · Business Organisation and Management
When an oil exploring and mining company builds a health centre in one community where at operates, such a company is
- A.Carrying favour from local people
- B.finding a way to spend excess profit
- C.Fulfilling part of its social responsibility
- D.Investing its idle fund
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Answer: C. Fulfilling part of its social responsibility
Building a community health centre is part of the company's social responsibility.
JAMB 2015Question 2 · Business Organisation and Management
In a typical manufacturing enterprises, the line function is performed by the
- A.Public relations department
- B.Marketing Department
- C.Estate or Properties Department
- D.legal Department.
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Answer: B. Marketing Department
In manufacturing, marketing performs the line function directly tied to core operations.
JAMB 2015Question 3 · Business Organisation and Management
The circulating capital of a business enterprise is classified into
- A.Cash, work-in-progress and debtors
- B.Cash, Vehicles, land and building
- C.debtors, stocks of raw materials and fitting
- D.Prepayments, debtors and equipment
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Answer: A. Cash, work-in-progress and debtors
Circulating capital includes cash, work-in-progress and debtors.
JAMB 2015Question 4 · Commerce Fundamentals and Occupations
Which of the following is classified as an immaterial want?
- A.Protection
- B.Raw materials
- C.Machines
- D.Goods and Services
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Answer: A. Protection
Protection (a service) is an immaterial want.
JAMB 2015Question 5 · Consumer Protection, Warehousing, and Taxation
The world tourism organization has it headquarters in
- A.New York
- B.Madrid
- C.Paris
- D.London
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Answer: B. Madrid
The World Tourism Organization has its headquarters in Madrid.
JAMB 2015Question 6 · International, Wholesale, and Retail Trade
A machine which enables sales without the physical presence of sales attendant is a
- A.Telex Machine
- B.Fax Machine
- C.Vending Machine
- D.Computer machine
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Answer: C. Vending Machine
A vending machine enables sales without a physical sales attendant.
JAMB 2015Question 7 · Marketing and Advertising
The effective and efficient delivery of the desired satisfaction by a firm is said to be the practice of
- A.Product concept
- B.Marketing concept
- C.Distribution concept
- D.Price concept
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Answer: B. Marketing concept
Effective, efficient delivery of desired satisfaction is the practice of the marketing concept.
JAMB 2015Question 8 · Money, Banking, and Stock Exchange
Which of the following best describes an invoice?
- A.Contractual agreement for the sale of goods
- B.Document specifying quantity, description, prices and total value of purchase .
- C.Receipt containing necessary information about the goods.
- D.Letter specifying the contractual sales of goods between two parties
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Answer: B. Document specifying quantity, description, prices and total value of purchase .
An invoice specifies quantity, description, prices and total value of a purchase.
JAMB 2015Question 9 · Money, Banking, and Stock Exchange
A bond which attracts interest but leaves the capital repaid is referred to as
- A.A redeemable bond
- B.An irredeemable bond
- C.A development bond
- D.A long-term loan
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Answer: B. An irredeemable bond
An irredeemable bond attracts interest while the capital remains unpaid.
JAMB 2015Question 10 · Office Practice and ICT
In the permanent storage device, DASD means
- A.Data Access Systems Device
- B.Direct Access Systems Device
- C.Data Access Storage Device
- D.Direct Access Storage Device
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Answer: D. Direct Access Storage Device
DASD stands for Direct Access Storage Device.
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