Commerce

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Past Questions

Question 1
jamb 1994
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

Question 2
jamb 1994
a

extractive

b

manufacturing

c

constructive

d

processing

Question 3
jamb 1994
a

conditioning

b

blending

c

merging

d

synthesis

Question 4
jamb 1994
a

taxes to government

b

dividends to shareholders

c

interests on loans

d

premium on insurance

Question 5
jamb 1994
a

is a collection of many sole proprietors

b

is a multiple partnership

c

can sue and be sued

d

has limited resources

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