JAMB Commerce Past Questions & Answers - Page 23

111.

A demonstration of social responsibility by a business is the payment of _______

A.

taxes to government

B.

dividends to shareholder

C.

interest on loans

D.

premium on insurance

Correct answer is A

These are receipts from individual's income taxes, corporate income taxes, gift and estate taxes.

112.

The part of the computer that has the capacity to interpret instruction is _______

A.

universal power storage

B.

central processing unit

C.

keyboard

D.

monitor

Correct answer is B

It is the brain of a computer. The CPU processes and interprets data to information.

113.

The production process that combines two or more raw materials into end product is

A.

conditioning

B.

blending

C.

merging

D.

synthesis

Correct answer is B

This is the mixture or combination of a substance with another substance so that they combine together.

114.

One of the determinants of choice of occupation is ______

A.

level of exposure

B.

resources control

C.

government policies

D.

peer group

Correct answer is D

No explanation has been provided for this answer.

115.

The stock exchange is a market where _______

A.

long-term securities are sold

B.

all types of securities are sold

C.

short-term securities are sold

D.

medium term securities are sold

Correct answer is B

This is where securities are bought and sold.