2016 - JAMB Commerce Past Questions and Answers - page 5
41
Where a manufacturer collects money from wholesalers in exchange for goods produced is referred to as
A
charge account
B
trading checks
C
trade credit
D
I owe you
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42
Quantity discount is offerred mainly to persuade the buyer to
A
defer payment
B
make prompt purchases
C
make advance payment
D
purchase more
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43
The placement of workers based on their qualifications can be categorized under
A
public sector
B
skilled labour
C
private sector
D
unskilled labour
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44
A group of computers that exchange data is referred to as
A
an information bank
B
a network
C
a database
D
an intranet site
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45
The form of credit sales common to low income groups is
A
hire purchase
B
club trading
C
booking -me -down
D
credit trading
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46
Petrol voucher is an example of a
A
bankdraft
B
legal tender
C
token money
D
partial money
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47
One of the major reasons for merger is to
A
reduce the number of unskilled manpower
B
increase the number of skilled manpower
C
prevent liquidation
D
liberalize the market
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48
A Major funtion of commerce is to
A
facilitiate human satisfaction through exchange
B
eliminate trade barriers
C
provide raw materials for manufacturers
D
influence government policies
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