2024 - JAMB Commerce Past Questions and Answers - page 6

51

The difference between the higher prices and the lower prices quoted for shares and stocks at the stock exchange is known as

A
commission
B
brokerage
C
interest
D
jobbers turn
Ask EduPadi AI for a detailed answer

Share this question

52

Which of the following does a seller send in reply to a letter of inquiry?

A
quotation
B
credit note
C
debit note
D
delivery note
Ask EduPadi AI for a detailed answer

Share this question

53

The breaking down of work into different processes is known as

A
production
B
division of labour
C
specialization
D
exchange
Ask EduPadi AI for a detailed answer

Share this question

54

The rights of the consumers does NOT include

A
the right to a healthy environment
B
the right to be informed
C
the right to fix prices
D
the right to choose
Ask EduPadi AI for a detailed answer

Share this question

55

A holding company is one which holds shares in another company up to

A
51%
B
41%
C
33%
D
25%
Ask EduPadi AI for a detailed answer

Share this question

56

Ships that pick up cargo from any port and travels anytime are called

A
ferries
B
tankers
C
tramps
D
steamers
Ask EduPadi AI for a detailed answer

Share this question

57

Which of the following can be used to establish an importer's title to goods?

A
cargo receipt
B
way bill
C
bill of lading
D
import license
Ask EduPadi AI for a detailed answer

Share this question

58

The advertising medium which uses electric current in bulbs is referred to as

A
posters
B
television
C
neon signs
D
bill boards
Ask EduPadi AI for a detailed answer

Share this question

59

The principle of insurance which ensures that an individual is restored to his former position after suffering a loss is

A
utmost good faith
B
insurable interest
C
indemnity
D
subrogation
Ask EduPadi AI for a detailed answer

Share this question

60

A public limited liability company is owned by

A
government
B
shareholders
C
general public
D
debenture holders
Ask EduPadi AI for a detailed answer

Share this question

Share this page