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Commerce
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View Commerce Syllabus for JAMB

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1
Commerce is defined as the study of how

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

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2
The type of activity which turns processed raw materials into consumer and industrial goods is described as

A. extractive
B. manufacturing
C. constructive
D. processing

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3
The production process that combines two or more raw materials into one end product is

A. conditioning
B. blending
C. merging
D. synthesis

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4
A demonstration of social responsibility by a business is the payment of

A. taxes to government
B. dividends to shareholders
C. interests on loans
D. premium on insurance

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5
A distinguishing characteristics of a limited liability company is that it

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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