UTME 2020 Commerce | Objective

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Question 1
One of the functions of the Nigeria Ports Authority is
A. the provision of carrier services to ensure speedy delivery
B. facilities to enhance the speedy loading and offloading of cargoes
C. facilities to ensure that goods get to the destinations
D. shelter for operators of cargoes
Question 2
An undertaking given by a person to another, assuring his integrity is
A. proximate cause
B. insurable interest
C. fidelity guarantee
D. subrogation
Question 3
Charges for loans, paid by commercial banks to the Central Bank of Nigeria are called
A. credit charges
B. interest rates
C. bank charges
D. bank rates
Question 4
An example of a computer operating system is
A. the PageMaker
B. Windows 2000
C. Microsoft Word 2000
D. The Word Perfect
Question 5
Given: I. shoe maker II. policemen III. fishermen IV. Gardener V. Broker. The persons engaged in primary occupation are
A. I, II and V
B. I, II and IV
C. III and V
D. III and IV
Question 6
The arrangement and interrelationship of the various components and positions of a business is referred to as
A. line structure
B. unity of direction
C. organisational structure
D. clarity of objective
Question 7
Mr. Taju entered into a contract to let a car to Mr. Funbi for his wedding for two days. However, the car had an accident before the first day. Mr. Funbi attempted to claim damages but failed. This implies that the contract was terminated by
A. bankruptcy
B. breach
C. lapse of time
D. frustration
Question 8
The principle of management that emphasizes on the number of subordinates under the direct supervision of a manager is
A. unity of command
B. scalar chain
C. unity of direction
D. span of control
Question 9
In the communication process, Y represents
A. the encoder
B. the initiator
C. noise
D. the medium
Question 10
X represents
A. action
B. receiver
C. transmission
D. ideation
Question 11
Ships used for international transport are
A. oceanliners
B. yachts
C. launchers
D. trawlers
Question 12
The strategy adopted by a firm that ceases to operate in one or more locations because of inactivity is
A. consolidation
B. rejuvenation
C. diversification
D. focus
Question 13
A customer with ‘ABC Plc' sent money through his account to his sister's account in another branch. This is an example of
A. e-business
B. e-commerce
C. e-banking
D. e-finance
Question 14
The difference between personal selling and sales promotion is that while sales promotion includes free gifts and samples, personal selling involves
A. face-to-face communication with customers
B. distributing instructional posters
C. premium programming for customers
D. publishing promotional booklets
Question 15
The agency that currently oversees the privatization and commercialization processes in Nigeria is the
A. Nigerian Stock Exchange
B. Technical Committee on Privatization and Commercialization
C. Securities and Exchange Commission
D. Bureau of public enterprises

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