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
correct option: c
Users' Answers & Comments42
Quantity discount is offerred mainly to persuade the buyer to
A
defer payment
B
make prompt purchases
C
make advance payment
D
purchase more
correct option: b
Users' Answers & Comments43
The placement of workers based on their qualifications can be categorized under
A
public sector
B
skilled labour
C
private sector
D
unskilled labour
correct option: b
Users' Answers & Comments44
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
correct option: b
Users' Answers & Comments45
The form of credit sales common to low income groups is
A
hire purchase
B
club trading
C
booking -me -down
D
credit trading
correct option: a
Users' Answers & Comments46
Petrol voucher is an example of a
A
bankdraft
B
legal tender
C
token money
D
partial money
correct option: d
Users' Answers & Comments47
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
correct option: c
Users' Answers & Comments48
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
correct option: a
Users' Answers & Comments