JAMB Commerce Past Questions & Answers - Page 111

551.

A computer component that decodes and interprets instructions and also directs program implementation is?

A.

memory unit

B.

central processing unit

C.

control unit

D.

system unit

Correct answer is B

A central processing unit (CPU) is the electronic circuitry within a computer that carries out the instructions of a computer program by performing the basic arithmetic, logical, control and input/output (I/O) operations specified by the instructions.

552.

Which of the following is a form of social responsibility of a business?

A.

Selling goods at cheaper prices

B.

Using the best technology available

C.

Maintaining tidy and safe environment

D.

Meeting contractor's obligations

Correct answer is C

Social responsibility in business means that businesses should act in a manner that benefits society, by adopting policies that promote the well-being of society and the environment while lessening negative impacts on them.

553.

A factor in a business environment which increases the rate of product obsolescence is?

A.

technology

B.

political

C.

legal

D.

economic

Correct answer is A

In business, technology provides a faster, more convenient, and more efficient way of performing business transactions. With this, old products and services become outdated and obsolete to meet demand when the firms do not upgrade to emerging technologies.

554.

The practice whereby government relinquishes its ownership interest in a public enterprises is?

A.

commercialization

B.

indegenization

C.

privatization

D.

nationalization

Correct answer is C

Privatization occurs when a government-owned business, operation, or property becomes owned by a private, non-government party.

555.

The body charged with divesting government interests in public enterprises is?

A.

SON

B.

NPC

C.

BPE

D.

NDE

Correct answer is C

Bureau of Public Enterprises - BPE is charged with the overall responsibility of implementing the Nigerian policy on privatization and commercialization.