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Commerce 2014 JAMB Past Questions

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21

The deliberate effort geared towards discarding some cargoes in order to lighten the vessel is

  • A. caveat emptor
  • B. uberrimae fidei
  • C. demurrage
  • D. jettison
View Answer & Discuss (4) JAMB 2014
22

The major aim of establishing a public corporation is to

  • A. establish a monopoly
  • B. provide essential services
  • C. provide employment opportunities
  • D. encourage specialization
View Answer & Discuss (4) JAMB 2014
23

The coming together of a manufacturing business with a firm that markets its products is

  • A. backward integration
  • B. a consortium
  • C. forward integration
  • D. a syndicate
View Answer & Discuss (3) JAMB 2014
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24

An association of voluntary organizations that work together for a common aim while retaining their independence is a

  • A. syndicate
  • B. merger
  • C. cartel
  • D. consortium
View Answer & Discuss (5) JAMB 2014
25

The document that explains the types of shares available for sale to the public is

  • A. a prospectus
  • B. an invoice
  • C. an open indent
  • D. a closed indent
View Answer & Discuss (1) JAMB 2014
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