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JAMB Commerce 2025 past questions and answers

2 questions. Try each one, then open the answer to check yourself and read the explanation.

Question 7

Business Units

The primary objective of a business organization is to

  1. A.cater for the needs of its owners
  2. B.work towards making returns
  3. C.assist the government to serve the citizens
  4. D.improve the standard of living of its proprietors
Show the answer and explanation

Answer: B (work towards making returns)

Explanation

The main aim of any business is to make profit (returns) for its owners; other aims come after this.

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Question 27

Business Units

A document which gives a legal status to a company is the certificate of

  1. A.incorporation
  2. B.trading
  3. C.commencement of business
  4. D.business registration
Show the answer and explanation

Answer: A (incorporation)

Explanation

The certificate of incorporation makes a company a legal person, separate from its owners.

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