2018 - JAMB Commerce Past Questions and Answers - page 4
31
The two main categories under which marine losses fall into are
A
Total loss and partial loss
B
Voyage policy loss and time policy loss
C
Particular loss and average loss
D
Actual loss and general loss
32
In a public limited liability company, planning is carried out by
A
Employees
B
The chairman of the board
C
Shareholders
D
Manufacturer’s warehouse
33
Why will a cheque be dishonored?
A
Regular signature
B
high amount of money written on the cheque
C
insufficient funds
D
general crossing
34
The elements in marketing mix that ensures goods are available when and where needed is
A
Promotion
B
price
C
product
D
place
35
Balance of payment consist of ----------- and ---------- items
A
Credit and loss
B
visible and non-visible
C
valid and invalid
D
income and expenditure
36
The satisfaction of consumer is best explained by
A
Product mix
B
Marketing concept
C
marketing mix
D
market segmentation
37
The internet is a system of telecommunication used for
A
The internet is a system of telecommunication used for
B
Communicating long distance messages
C
Sending and receiving text messages
D
Communicating messages through telegrams
38
Goods and services are made available to consumers through
A
The advertising agency
B
Sales promotion
C
The channel of distribution
D
The middle men
39
What’s the first form an applicant must complete before taking an insurance policy?
A
Cover note
B
advice note
C
proposal form
D
certificate of insurance
40
What is the difference between current assets and current liabilities?
A
Working capital
B
nominal capital
C
capital employed
D
issued capital
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