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[ Post UTME Begins ]:
View The List Of Schools That Have Released 2026 Post-UTME Forms.
Home
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Commerce
Commerce 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
Production
Meaning and types: Primary, secondary, tertiary
Factors of production, characteristics & rewards
Division of labour and specialization
Inter-relationship between production and exchange
Business Units
Meaning and objectives of business
Forms: Sole proprietorship, Partnership, Limited liability companies, Public enterprises, Cooperative societies
Characteristics, formation, advantages and disadvantages
Business mergers
Choice of business units
Dissolution and liquidation
Business Capital and Finance
Meaning and types of capital
Working capital, profit and turnover calculations
Sources of finance
Problems of sourcing finance
Role of Bureau de Change
Trade Associations and Economic Groups
Trade and manufacturer associations
Chambers of Commerce
Employers’, Consumers’ and Manufacturers’ associations
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
Banking
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Finance and Financial Institutions
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Credit unions and thrift societies
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Meaning, importance and functions
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Market segmentation
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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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181
A business whose owners enjoys loan facilities on the basis of personal goodwill is a?
A.
commercial bank
B.
thrift society
C.
co-operative society
D.
community bank
View Answer & Discuss
JAMB 1999
182
Which of the following is not a veritable source of funds to a public limited company?
A.
government financial grant
B.
advances and loan from banks
C.
internally generated funds
D.
funds from the sale of shares
View Answer & Discuss
JAMB 1999
183
Use the document below to answer question
Okon Etim Esin is the?
A.
debtor
B.
creditor
C.
exporter
D.
importer
View Answer & Discuss
JAMB 1999
184
The document represents a
A.
Bill of exchange
B.
Cheque
C.
Money order
D.
A. Promissory note
View Answer & Discuss
JAMB 1999
185
The term ‘5 Net 7’ on an invoice means that?
A.
5% discount will be allowed on the price charged if payment is made within seven days
B.
5% discount will be allowed on the price charged if payment is made after seven days
C.
5% surcharge will be made unless payment is made within seven days
D.
5% dicount will be allowed on the charged if the goods are bought within seven days
View Answer & Discuss
JAMB 1999
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