1998 - JAMB Commerce Past Questions and Answers - page 2

Insurance companies operate on the principal of indemnity. This means that an insured person or firm collector

The most important difference between community banks and peoples’ bank is that the?

The assets, liabilities and general management of a distressed bank may be taken over by?

The type of securities that the stock exchange deals with are

(i) Companies must be registered as private limited liability companies. (ii)Companies must not have less than 100 shareholders (iii) No shareholder may have more than 75% of issued shared capital. What of the above are requirements for admission into the second-tier securities market?

An underlined principle in the marketing of goods is that firms should

Product X was introduced into the market at N4.00 with its cost of product at N3.90 while competing products are at N4.50. What pricing policy are producers of X adopting?

The oral presentation iv a conversation with one or more prospective buyers for the purpose of making sales is

Personnel activities that promote the general image of an organization are part of

An agent must not make any secret profit in the performance of his duties but can be rewarded by his principal through