CBT Commerce JAMB 2017

1 Which of the following legislation aims primarily
at the protection of consumers?

2 A bill of exchange already accepted can be
discounted by the holder in ______?

3 An agreement that is enforceable in law is
________?

4 The factor of production that is relatively
indestructible and immobile is _______?

5 An instrument used in lieu of legal tender is
known as ______?

6 At the collapse of a business enterprises, the
person appointed to dispose off the assets is called
________?

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

8 The letters E and OE stands for __________?

9 When a buyer has been overcharged for goods
supplied, the seller issues a _______?

10 The fees charged on postal order by the post office
is _____?

11 A government policy that encourages transfer of
ownership from foreigners to indigenes of the
country is known as ____?

12 The government agency involved in issuing of
export licences is _______?

13 The quality of money that describe its uniformity
is

14 One disadvantages of advertising is that it —

15 Water corporation is an example of ______?

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

17 Production ends when goods and services
________

18 What is the reward accruable to land?

19 A demerit of communication is that it ________

20 The function of commerce in relation to
production is ______

21 An advantage of division of labour is _______?

22 A major objective of all business resources is
______

23 What document is required when a country
imposes valorem import duties on goods?

24 A major function of trade association is to
_______

25 A partnership is dissolved due to ________

26 Another name or term for a dishonoured cheque is
______

27 An example of extractive occupation is ______

28 A major merit of the retaining middlemen is to
_______

29 Goods and services transferred from seller to
buyer without immediate payment is referred to as
______

30 The process of buying and selling and distribution
of goods and services is ______

31 The differences between the central bank and
commercial bank is that the former ______

32 The organised effort of consumers to protect
themselves against the unfair practices of
businessmen is known as __

33 The stock exchange is a market where _______

34 One of the determinants of choice of occupation is
______

35 The production process that combines two or
more raw materials into end product is

36 The part of the computer that has the capacity to
interpret instruction is _______

37 A demonstration of social responsibility by a
business is the payment of _______

38 Risk bearing in business organisation is a function
of the _____

39 The Nigeria Stock Exchange consist of ______

40 A system where customer patronage is sought by
producing what they need is referred to as _______?

41 The scope of commerce is limited to ________

42 Which of the following is an item in the
marketing mix?

43 The business unit that applies the principle of one
man, one vote is ______

44 The type of activity which turns processed raw
materials into consumer and industrial goods is
described as ________

45 Land as a factor of production does not vary in
_______

46 The effects of devaluation includes all except
_______

47 The production of goods and services in
anticipation of demand is made possible by _______

48 Factors considered when setting up a retail
business is one of the following _________

49 Any activity directed at conveying commodities to
buyers is an aspect _________

50 If a business uses part of its profit to develop the
area where it operates, the business is fulfilling its
______