JAMB Past Questions and Answers - Page 116

576.

An organization which focuses on consumer satisfaction is practicing

A.

consumerism

B.

market segmentation

C.

selling concept

D.

marketing concept

Correct answer is D

The marketing concept is the philosophy that firms should analyze the needs of their customers and then make decisions to satisfy those needs, better than the competition.

577.

One of the characteristics of a good organizational chart is that it should

A.

be rigid

B.

show government policy

C.

facilitate communication

D.

be acceptable

Correct answer is C

Features of a Good Organisational Structure:

  • Clear line of authority. 
  • Adequate delegation of authority.
  • Lesser managerial levels.
  • Proper span of control.
  • Simple and flexible.
  • Good communication channels

578.

The promotion of team spirit in an organization is referred to as

A.

unity of direction

B.

espirit de corps

C.

unity of purpose

D.

discipline

Correct answer is B

 Esprit de corps is a feeling of loyalty and pride that is shared by the members of a group who consider themselves to be different from other people in some special way.

579.

Under what management function will the motivation of employees fall

A.

staffing

B.

controlling

C.

organizing

D.

directing

Correct answer is B

No explanation has been provided for this answer.

580.

Securities that entitle the investor to coupon rates are

A.

bonds

B.

equities

C.

warrants

D.

treasury bills

Correct answer is A

bond is a debt security where the issuer (the borrower) issues the bond for purchase by the bondholder (the lender). It is also known as a fixed income security as a bond usually gives the investor a regular or fixed return in the form of interest payments (sometimes called coupon payments).