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Home
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Commerce
JAMB 2006
Commerce 2006 JAMB Past Questions
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Introduction to Commerce
Meaning, scope, characteristics and functions of Commerce
History of Commerce
Relationship of Commerce with other areas of production
Importance of Commerce in the economy
Occupations
Meaning and Importance
Types of occupations: Industrial, commercial, direct and indirect services
Factors influencing choice of occupation
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Meaning and types: Primary, secondary, tertiary
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Meaning and objectives of business
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Business Capital and Finance
Meaning and types of capital
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Sources of finance
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Role of Bureau de Change
Trade Associations and Economic Groups
Trade and manufacturer associations
Chambers of Commerce
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Economic groups: ECOWAS, IMF, IBRD, UNCTAD, etc.
Trade - Home Trade
Retail trade: Types, functions, advantages and disadvantages, trends
Wholesale trade: Types, functions
Warehousing: Types, functions
Channels of distribution
Trade - Foreign Trade
Balance of trade/payment, terms of trade
Export, import and entrepôt procedures and documents
Barriers to international trade
Roles of Customs, Excise, Ports Authority
Purchase and Sale of Goods
Documents: Enquiry, quotation, invoice, bill of lading, etc.
Terms of trade: Discounts, C.O.D., C.I.F., F.O.B.
Means and terms of payment
Aids to Trade
Advertising
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Finance and Financial Institutions
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Meaning, importance and functions
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Personal selling
Legal Aspects of Business
Simple contract
Agency, Sale of Goods Act, Hire Purchase Act
Employer/employee rights
Government regulations
Consumer protection
ICT in Commerce
Computer applications
ICT terms
E-commerce, E-banking, E-business
Business Environment and Social Responsibility
Types of environment
Safe products and pollution
Corporate social responsibility
Nationalisation, Indigenisation and Divestiture
Meaning, aims, advantages, disadvantages
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46
Foreign trade also involves?
A.
providing services for other countries
B.
specialization and the exchange of goods in a country
C.
buying and selling within a country
D.
the exchange of goods and services between firms
View Answer & Discuss
JAMB 2006
47
X represents
A.
action
B.
transmission
C.
ideation
D.
receiver
View Answer & Discuss (3)
JAMB 2006
48
In the communication process. Y represents
A.
the encoder
B.
the medium
C.
the initator
D.
noise
View Answer & Discuss (3)
JAMB 2006
49
What is the capital employed?
A.
N 200 000
B.
N 340 000
C.
N 170 000
D.
N 300 000
View Answer & Discuss (2)
JAMB 2006
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