JAMB Commerce Past Questions & Answers - Page 232

1,156.

What are the factors with which commercial undertaking can be distinguish?
I Size of the undertaking
II Profits generated
III Forms of ownership
IV Location of the undertaking

A.

I and II only

B.

I andIII only

C.

II and III only

D.

III and IV only

Correct answer is B

No explanation has been provided for this answer.

1,157.

The lake Chad Basin commission was founded to enable member states

A.

expand the volume of water in the lake for fishing activities

B.

increase navigational activities on the lake

C.

dam the lake for electricity and agricultural purposes

D.

co-ordinate their efforts in managing the use of the lake's resources

Correct answer is D

No explanation has been provided for this answer.

1,158.

The West African clearing House became legally operational on

A.

1st july, 1976

B.

25th june, 1975

C.

14th march, 1975

D.

3rd may, 1974

Correct answer is A

No explanation has been provided for this answer.

1,159.

When an oil exploring and mining company builds a health center in one of the communities where it operates, such a company is

A.

currying favour from local people

B.

finding a way to spend resonsibility

C.

fulfilling part of its social responsibilty

D.

invest its idle funds

Correct answer is C

No explanation has been provided for this answer.

1,160.

The use of computer in modern banking industry is a reflection of

A.

competitive development

B.

scientific development

C.

economic development

D.

technological development

Correct answer is D

No explanation has been provided for this answer.