JAMB Past Questions and Answers - Page 226

1,126.

Factors of production can be described as the?

A.

resources required for the provision of goods and services

B.

skills involves in deciding and directing the flow of goods

C.

monetary tools employed by government to ensure stable production

D.

elements involved in the process of formulating policies on production

Correct answer is A

No explanation has been provided for this answer.

1,127.

Commerce includes all the occupations concerned with?

A.

sales

B.

production

C.

marketing

D.

distribution

Correct answer is D

No explanation has been provided for this answer.

1,128.

The effect that the faith of Shadrach, Meshach and Abednego had on king Nebuchadnezzar and his subjects was that they

A.

Refrained from persecuting the Jews in exile

B.

Were converted

C.

Forsook their gods

D.

Believed that there was no other god able to deliver

Correct answer is C

No explanation has been provided for this answer.

1,129.

The acronym PLC is used to identify a?

A.

company limited by shares

B.

private company limited by shares

C.

public company limited by shares

D.

company limited by guarantee

Correct answer is C

No explanation has been provided for this answer.

1,130.

The most important function of commerce is?

A.

helping people to improve thir profits

B.

facilitaing exchanges among indiviuals and firms

C.

assisting trade through banking and insurance

D.

enhancing business relationships

Correct answer is B

No explanation has been provided for this answer.