Commerce 1995 JAMB Past Questions

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What are the factors with which commercial undertaking can be distinguish?
I Size of the undertaking
II Profits generated
III Forms of ownership
IV Location of the undertaking

A. I and II only
B. I andIII only
C. II and III only
D. III and IV only

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Freight note is a document

A. used by government to transport goods from one country to another
B. issued by a shipping company giving details of charges
C. used for payment for imported goods
D. given by an importer to pay for goods at a future period

View Answer & Discuss (1) JAMB 1995

Spot market goods are those which are available for

A. immidiate delivery
B. short-term delivery
C. long-term delivery
D. end of the delivery

View Answer & Discuss (3) JAMB 1995

The main advantage of road transport is that it is

A. convenient and flexible
B. cheap and direct
C. common and fast
D. safe and available

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The practice by which an insurance company accepts a very large risk and later shares it with other insurance companies is called

A. subrogation
B. contribution
C. re-insurance
D. indemnity

View Answer & Discuss (1) JAMB 1995

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Commerce 1995 JAMB Past Questions

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