JAMB Commerce Past Questions & Answers - Page 101

501.

The wealth of a nation depends on the volume of its?

A.

bilateral trade activities

B.

commercial activities

C.

multilateral trade activities

D.

stock market

Correct answer is B

Commercial activity is an activity intended for exchange in the market with the goal of earning an economic profit. Simply put, activities involving or relating to the buying and selling of goods

502.

Which Commerce Question Paper is given to you?

A.

Type A

B.

Type B

C.

Type C

D.

Type D

Correct answer is B

No explanation has been provided for this answer.

503.

A firm that disposes its wastes properly is discharging its?

A.

community responsibility

B.

evironmental responsibility

C.

civic responsibility

D.

social responsibility

Correct answer is B

The environmental responsibility of a firm consists of respect to the environment where the firm is situated, making rational use of natural resources and taking steps to prevent pollution from the different processes involved in industrial operations.

504.

The economic environment of a business is concerned with?

A.

climate conditions

B.

changing values

C.

the growth rate

D.

the interest rate

Correct answer is C

Economic environment of business is made up of all the external economic factors that influence buying habits of consumers and businesses and affect the performance of a company.

505.

A customer with XYZ Plc sent money through his account to his sister's account in another branch.
This is an example of?

A.

e-business

B.

e-commerce

C.

e-finance

D.

e-banking

Correct answer is D

E-banking is a method of banking in which a bank customer conducts financial transactions electronically via the internet. With the e-banking platforms, a customer can send money from their accounts to any other bank without being physically present in the bank.