2018 - JAMB Commerce Past Questions and Answers - page 1
The act of selling in a foreign market at a price lower than the cost price is called
Current account holders withdraw money through
Current account holder withdraws money using cheque.
A cheque is a document that orders a bank to pay a specific amount of money from a person's account to the person in whose name the cheque has been issued.One of the major problems of a sole proprietor is sourcing for
The sole proprietorship is the simplest business form under which one can operate a business. The sole proprietorship is not a legal entity. It simply refers to a person who owns the business and is personally responsible for its debts.
On of the disadvantages of sole proprietorship is difficulty in raising funds
Which of the following is a verbal means of communication
Trade fairs in Nigeria are organized by
A chamber of commerce (or board of trade) is a form of business network, for example, a local organization of businesses whose goal is to further the interests of the community
Privatization is
In the law of contact, a counter offer operates as
Making a counter offer automatically rejects the prior offer, and requires an acceptance under the terms of the counter offer or there is no contract
What is a Quota?
Which of the following functions is not performed by warehousing?
Grading and Packing
Regular production
Time utility
Store of surplus goods
Etc.
One of these is a current asset