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       #Post#: 284886--------------------------------------------------
       Day 2 JAMB 2018 10th Questions And Answers Available Here
       By: Eda Date: March 9, 2018, 4:04 pm
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       Day 2 JAMB 2018 10th Questions And Answers Available Here
       1 :- Alpha Limited manufacturers consumes goods. It prepares a
       document to accompany the goods to be
       exported . The document prepared by alpha limited IS
       CORRECT ANSWER =
       A certificate of origin
       2 :- Granting credit facilities t consumers is a function of
       CORRECT ANSWER =
       A retailer
       3 :- One of the sources of capital for a sole proprietor is
       CORRECT ANSWER =
       Trade credit
       4 :- The warehouse owned by individuals for repackaging of goods
       is
       CORRECT ANSWER =
       Wholesale warehouse
       5 :- One of the major concerns of commercial activities is to
       CORRECT ANSWER =
       Improves people standard of living
       6 :- In order to increase sales, an ancillary to trade that can
       be used to stimulate demand is
       CORRECT ANSWER =
       Advertising
       7 :- When a business firms embark on advertorials that reveal
       the feature of its product, it has rendered it
       CORRECT ANSWER =
       Social responsibility
       8 :- The total assets of a business can be calculated as
       CORRECT ANSWER =
       Fixed asset plus current assest
       9 :- An account in which money is saved for a specified period
       of time to earn an interest is reffered to as
       CORRECT ANSWER =
       Deposit account
       10 :- The document that indicates a contract of carriage of
       goods between an exporter and the shipping
       company is a
       CORRECT ANSWER =
       Bill of lading
       11 :- Commerce came into being as a result of
       CORRECT ANSWER =
       Society needs and wants
       12 :- Which of the following is often referred to as an
       artificial person in law
       CORRECT ANSWER =
       Limited liability company
       13 :- The ROM differs from RAM in that the former
       CORRECT ANSWER =
       Has wider storage capacity
       14 :- The means of posting large numbers of mails in a big firm
       is through the use of
       CORRECT ANSWER =
       Franking machines
       15 :- The responsibility of influencing legislation and
       promoting commercial activities are the concern of
       CORRECT ANSWER =
       chambers of commerce
       16 :- Which of the following has the value of money and
       commodity
       CORRECT ANSWER =
       Gold
       17 :- If a tanker already loaded a got burnt in transit, the
       contract has been discharged by
       CORRECT ANSWER =
       Frustration
       18 :- The services rendered by a housemaid is an example of
       CORRECT ANSWER =
       Direct service
       19 :- Which of the following encourages international division
       of labour
       CORRECT ANSWER =
       Multilateral trade
       20 :- The main storage device for personal computer is the
       CORRECT ANSWER =
       Hard Disk drive
       21 :- A document sent to a company goods in transit is referred
       to as
       CORRECT ANSWER =
       Certificate of insurance
       22 :- A place where investors meet to buy and sell existing
       securities is called
       CORRECT ANSWER =
       A stock market
       23 :- The average stock is
       CORRECT ANSWER =
       N450
       24 :- A retail device that automatically dispense products when
       money is inserted in ti is a
       CORRECT ANSWER =
       Vending machine
       25 :- The quality of money that enables it to stand the test of
       time is
       CORRECT ANSWER =
       durability
       26 :- An important consideration in life of a product is the
       CORRECT ANSWER =
       Pricing of the product
       27 :- The factors that influences the achievement of
       organisational goals are
       CORRECT ANSWER =
       Internal and external
       28 :- In order to achieve a set of objective, coordination of
       all factors is done by
       CORRECT ANSWER =
       An entrepreneur
       29 :- The function of money used to ascertain the worth of goods
       and services is
       CORRECT ANSWER =
       Measure of value
       30 :- The merit of money as a medium of exchange is that it
       CORRECT ANSWER =
       Facilitate differed payment
       31 :- An example of concentration segmentation strategy is when
       a firm produces
       CORRECT ANSWER =
       Shoes and clothing
       32 :- What is the cost of goods sold
       CORRECT ANSWER =
       N3700
       33 :- One of the roles of advertising in business is to
       CORRECT ANSWER =
       Regulates the volume of production
       34 :- Displaying goods and demonstrating its use ia a commercial
       activity classified as
       CORRECT ANSWER =
       sales promotion
       35 :- If Michael and CBC commercial Bank are legally bound to
       carry out their obligation. The contract is
       said to be
       CORRECT ANSWER =
       Valid
       36 :- Messenger, cleaner and gardener are examples of
       CORRECT ANSWER =
       Unskilled labour
       37 :- Trading certificate permits a company to
       CORRECT ANSWER =
       Commence business activities
       38 :- The mining of gold by a firm is an example of
       CORRECT ANSWER =
       Primary production
       39 :- Which of the following means of transporting chemicals?
       CORRECT ANSWER =
       Pipeline
       40 :- Customs duty is imposed when
       CORRECT ANSWER =
       the goods from another country are coming into Nigeria
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