2006 - JAMB Commerce Past Questions and Answers - page 5
41
A shop which consist of many stores trading under a single roof and which stocks varieties of goods with each unit having its own head is a?
A
mulitple shop
B
supermarket
C
superstore
D
departmental store
correct option: d
Users' Answers & Comments42
An objective of the farmers' association is to?
A
ensure that the prices of goods are fair and reasonable
B
correct the imbalance between consumers and producers
C
improve the methods of selling and advertising
D
provide a stable market outlet for farm inputs
correct option: a
Users' Answers & Comments43
The documents used in the purchase and sale of goods which contain other terms of trade are?
A
debit note and credit note
B
delivery note and advice nopt
C
invoice and order
D
quotation and invoice
correct option: c
Users' Answers & Comments44
In international trade, exchanging goods for other goods and services purchased instead of paying in foreign currency is known as?
A
counter trade
B
balance of trade
C
balance of payments
D
terms of trade
correct option: a
Users' Answers & Comments45
The role of a wholesaler in the channel of distribution is to?
A
produce goods in large quantities and sell in small quantities
B
buy goods directly from the manufacturers
C
buy goods in large quantities and sell in small quantities
D
sell goods directly to the consumers
correct option: c
Users' Answers & Comments46
Foreign trade also involves?
A
providing services for other countries
B
specialization and the exchange of goods in a country
C
buying and selling within a country
D
the exchange of goods and services between firms
correct option: a
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48
A
the encoder
B
the medium
C
the initator
D
noise
correct option: c
Users' Answers & Comments49
A
N 40 000
B
N 30 000
C
N 200 000
D
N 70 000
correct option: c
Users' Answers & Comments50
A
N 200 000
B
N 340 000
C
N 170 000
D
N 300 000
correct option: d
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