2015 - JAMB Commerce Past Questions and Answers - page 1

ocean liners are vessels that operate on specific on high seas and oceans and they operate on fixed time schedule

the health centre the company built is a social amenity and in doing so it is fulfilling parts of is social responsibility to the most community in which it is doing business.

The World Tourism Organization (UNWTO) has its headquarters in Madrid, Spain.

it is an order by the customer requesting the bank to transfer certain amount from the customer’s account to another bank account, so it is a standing order.

Protection it is not meant to increase our materials wealth but to make our lives worth living

what the form consider first and most is the cost of production i.e. the cost of producing the product as this determines the price at which the product will be sold.

the type and structure of the property will determine the value of the property since the value of the property will have to be considered by the insurance company before the contract will be entered into by both parties.

the standard organization of Nigeria is the organization saddled with the responsibility of ensuring that goods or products conform to government quality specification

Citizens often oppose privatization due to the following reasons: * **Increased prices of goods and services:** Privatized entities may prioritize profit maximization, potentially leading to higher prices for consumers. This can make essential goods and services less affordable and accessible. * **Job losses:** Privatization can lead to restructuring and downsizing, resulting in job losses and increased unemployment. * **Reduced access to services:** If services are privatized, they may become less accessible to certain segments of the population, particularly those with lower incomes. * **The likelihood of monopoly:** Private companies may eliminate competition.