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Commerce 2004 JAMB Past Questions

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41
The term 4 net 7 on an invoice means that?
  • A. 4% surcharge will be made unless payment iss made within seven days
  • B. 4% discount will be allowed on the price charged only if the goods are bought within seven days
  • C. 4% discount will be allowed on the price charged only if payment is made after seven days
  • D. 4% discount will be allowed on the price charge if payment is made within seven days
View Answer & Discuss JAMB 2004
42
An order sent by an importer to an overseas supplier stating the details of goods required is known as?
  • A. export invoice
  • B. ship's manifest
  • C. an indent
  • D. bill of lading
View Answer & Discuss JAMB 2004
43
Organizing trade fairs in Nigeria is the responsibility of?
  • A. National Directorate of Employment
  • B. Federal Ministry of Commerce
  • C. trade association
  • D. chambers of commerce
View Answer & Discuss (4) JAMB 2004
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44
International trade takes place as a result of?
  • A. uniformity in costs of production
  • B. inequitable distribution of natural resources
  • C. parity in the level of industrialization
  • D. similarities in climate conditions
View Answer & Discuss JAMB 2004
45
The use of vending machines in retailing is hindered in a developing economy owing to?
  • A. poor distribution network
  • B. low level of education
  • C. inffective communication system
  • D. lack os steady power supply
View Answer & Discuss JAMB 2004
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