Today's examination papers
Tuesday 14th June.
Paper III & II: Objective & Essay – Commerce 10:00am – 12:40pm
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Verifed Obj Answers
Commerce-obj
1acacbbbdea
11dadaddedcd
21bbbbbcbeed
31aebeabaded
41dacaebdbde
51ceeecccdcc
Commerce Objective
1-Span of control :can simply be defined as the area of activity and number of functions,
people, or things for which an individual or
organization is responsible.
1b)
Organizational size.
Workforce skill level.
Organizational culture.
Manager's responsibilities.
Some key factors to review when determining the appropriate span of control within an organization include the following:
Organizational size. :
Large organizations tend have a narrow span of control, whereas smaller organizations often have a wider span of control. This difference is usually due to the costs involved with more managers and the financial resources available to an organization. Communication may be slower with narrow spans if it must pass through several of management.
Workforce skill level.:
The complexity or simplicity of the tasks performed by the employees will affect the number of desirable direct reports. Generally, routine tasks involving repetition will require less supervisory control of a manager, allowing a wider span of control, whereas complex tasks or dynamic workplace conditions may be best suited for a narrower span of control, where managers can provide more individualized attention.
Organizational culture.: Organizations need to determine the desired culture when designing their span of control. Flexible workplaces usually have a wider span of control because employees are given more autonomy and flexibility in the production of their work.
Manager's responsibilities.: Review whether the organizational expectations allow the managers to be effective with the number of direct reports they have, especially related to individual responsibilities, departmental planning and training. For instance, executives often have fewer direct reports than other managers in the organization.
3 a )
- Trading
- Insurance
- Banking
- Advertistment
- Transportation
- Warehousing
- Tourism
3 b )
- Provision of employment opportunities : It
offers jobs to a large number of unemployed
like traders , bankers, insurance brokers, tourist
etc
- Exchange of goods and services : It brings about
the exchange of goods and services
- Linkage of buyers and sellers : It helps to bring
together the sellers and buyers through
communication without physical contact
- Raising capital : It helps in the country to raise
capital for capital projects and other financial
institutions
- Unity among Nigerians: It fosters unity among
the Nigerians and other Nations as they engage
in trading activities
- Creation of wealth for Nigerians : Commerce
helps to create wealth for Nigerians and other
Nations as duties are charged on goods and
services either exported or imported
i)both international trade and internal trade improve the standard of living
ii)they both create employment opportunity
iii)they both use insurance provison
iv)they both uses warehouses
v)they both uses currency
2b)
TABULATE
INTERNATIONAL TRADE
i)government policy is restricted
ii)trade bamer exised
iii)foreign exchange is used as the term of payment
iv)there is big problem of language difference
v)there is difficultyin the balance of payment trade
TABLULATE
INTERNAL TRADE
i)it is free from government policy
ii)no trade bamer exist
iii)local currency is the term of payment
iv)there is a little problem of language difference
v)there is no problem of balance of payment trade
7a
(i)they have the right to choose between alternatives
(ii)consumers have the right to good things of life
(iii)they have the right to safety
(iv)the consumers also have the right to be heard
(v)they have right to be informed
(7b)
(i)formation of consumer associations to test whether items are of good quality or not and to make recommedations
(ii)price control measures should be put in place to curb any arbitrary price increases.
(iii)Formation of standard board or quality of every item before allowing its introduction to the market
(iv)there should be an efficient hire purchase act to prevent repossession after 2/3 payment of the purchasing price.
(v)Advertising organisation/board should be setup to censor all adverts before shown on the screens.
(8)
-pricing
-transportation
-storage
-exchange
-financing
(i)pricing:marketing,assisting in fixing price at a level reasonable enogh to give profit to the company.
(ii)transportation:this covers involvement of goods from where they are produced to the point where they are required.
(iii)storage:this make it possible for goods to be produced ahead of demand so that they can be available when needed
(iv)exchange:this cover the purchase of raw materials and goods from so may sources and transfer of ownership of such .
(v)financing:this cover the provision of funds throughtout the period of production to the point of selling through loans and credit facilities
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Tuesday 14th June.
Paper III & II: Objective & Essay – Commerce 10:00am – 12:40pm
Content will be available after 10 minutes, so re- visits this page
At Naijacomms.com
Content (protected)
This is for paid package
How to subscribe
Direct Mobile: N700 MTN CARD.
Or Pay a one-time fees of N3000 for all subjects To Our bank Account below
Forward Your Name, MTN PIN, Subject Name, Phone number to: 07061837436
we will send the Obj & Essay directly to your submitted phone numbers 9hours before the exam day
Note that for those who can't afford to pay you are advice to go for the free packages, Answers are pasted here 10 minutes after the exam begins,
For content: Commerce Objective & Essay Questions & Answers to appear, you have to share this page to 10 friends on WhatsApp, using the WhatsApp button below this post, and share to Facebook just once using the Facebook button below this post. After doing this the Commerce Objective & Essay Questions & Answers would automatically appear.
Verifed Obj Answers
Commerce-obj
1acacbbbdea
11dadaddedcd
21bbbbbcbeed
31aebeabaded
41dacaebdbde
51ceeecccdcc
Commerce Objective
1-Span of control :can simply be defined as the area of activity and number of functions,
people, or things for which an individual or
organization is responsible.
1b)
Organizational size.
Workforce skill level.
Organizational culture.
Manager's responsibilities.
Some key factors to review when determining the appropriate span of control within an organization include the following:
Organizational size. :
Large organizations tend have a narrow span of control, whereas smaller organizations often have a wider span of control. This difference is usually due to the costs involved with more managers and the financial resources available to an organization. Communication may be slower with narrow spans if it must pass through several of management.
Workforce skill level.:
The complexity or simplicity of the tasks performed by the employees will affect the number of desirable direct reports. Generally, routine tasks involving repetition will require less supervisory control of a manager, allowing a wider span of control, whereas complex tasks or dynamic workplace conditions may be best suited for a narrower span of control, where managers can provide more individualized attention.
Organizational culture.: Organizations need to determine the desired culture when designing their span of control. Flexible workplaces usually have a wider span of control because employees are given more autonomy and flexibility in the production of their work.
Manager's responsibilities.: Review whether the organizational expectations allow the managers to be effective with the number of direct reports they have, especially related to individual responsibilities, departmental planning and training. For instance, executives often have fewer direct reports than other managers in the organization.
3 a )
- Trading
- Insurance
- Banking
- Advertistment
- Transportation
- Warehousing
- Tourism
3 b )
- Provision of employment opportunities : It
offers jobs to a large number of unemployed
like traders , bankers, insurance brokers, tourist
etc
- Exchange of goods and services : It brings about
the exchange of goods and services
- Linkage of buyers and sellers : It helps to bring
together the sellers and buyers through
communication without physical contact
- Raising capital : It helps in the country to raise
capital for capital projects and other financial
institutions
- Unity among Nigerians: It fosters unity among
the Nigerians and other Nations as they engage
in trading activities
- Creation of wealth for Nigerians : Commerce
helps to create wealth for Nigerians and other
Nations as duties are charged on goods and
services either exported or imported
i)both international trade and internal trade improve the standard of living
ii)they both create employment opportunity
iii)they both use insurance provison
iv)they both uses warehouses
v)they both uses currency
2b)
TABULATE
INTERNATIONAL TRADE
i)government policy is restricted
ii)trade bamer exised
iii)foreign exchange is used as the term of payment
iv)there is big problem of language difference
v)there is difficultyin the balance of payment trade
TABLULATE
INTERNAL TRADE
i)it is free from government policy
ii)no trade bamer exist
iii)local currency is the term of payment
iv)there is a little problem of language difference
v)there is no problem of balance of payment trade
7a
(i)they have the right to choose between alternatives
(ii)consumers have the right to good things of life
(iii)they have the right to safety
(iv)the consumers also have the right to be heard
(v)they have right to be informed
(7b)
(i)formation of consumer associations to test whether items are of good quality or not and to make recommedations
(ii)price control measures should be put in place to curb any arbitrary price increases.
(iii)Formation of standard board or quality of every item before allowing its introduction to the market
(iv)there should be an efficient hire purchase act to prevent repossession after 2/3 payment of the purchasing price.
(v)Advertising organisation/board should be setup to censor all adverts before shown on the screens.
(8)
-pricing
-transportation
-storage
-exchange
-financing
(i)pricing:marketing,assisting in fixing price at a level reasonable enogh to give profit to the company.
(ii)transportation:this covers involvement of goods from where they are produced to the point where they are required.
(iii)storage:this make it possible for goods to be produced ahead of demand so that they can be available when needed
(iv)exchange:this cover the purchase of raw materials and goods from so may sources and transfer of ownership of such .
(v)financing:this cover the provision of funds throughtout the period of production to the point of selling through loans and credit facilities
Smart tags: Complete 2016 NECO expo questions and answers, free 2016 NECO expo run runz for CIVIC EDUCATION (OBJ & ESSAY PHYSICS PRACTICALLITERATURE IN ENGLISH (OBJ ) LITERATURE IN ENGLISH (PROSE ) GEOGRAPHY (OBJ & ESSAY )PHYSICS (OBJ & ESSAY) GEOGRAPHY 3 ( PRACTICAL and PHYSICAL GEOGRAPHY )CHEMISTRY PRACTICALGOVERNMENT (OBJ & ESSAY )ENGLISH LANGUAGE (ESSAY)ENGLISH LANGUAGE (OBJ) ENGLISH LANGUAGE (TEST OF ORAL )CHRISTIAN RELIGIOUS STUDIES ( OBJ & ESSAY) 9ISLAMIC STUDIES ( OBJ & ESSAY ) CHEMISTRY(OBJ & ESSAY)FINACIAL ACCOUNTING ( OBJ & ESSAY) BIOLOGY (OBJ & ESSAY )AGRIC PRACTICAL GENERAL MATHEMATICS (ESSAY) MATHEMATICS (OBJ) ECONOMIES (OBJ & ESSAY) BOOK KEEPING PAPER III&II (OBJ & ESSAY) BIOLOGY PRATICALLITERATURE IN ENGLISH (DRAMA& POETRY) OFFICE PRACTICE ( EASSY & OBJ ) AGRICULTURAL SCIENCE ( OBJ & ESSAY ) COMMERCE (OBJ & ESSAY)MARKETING FURTHER MATHEMATICS ( ESSAY ) ( OBJ )
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