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Commerce 2016 JAMB Past Questions

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1
The cost which is incurred asa result of failure to load or unload a ship at the ports within a specified period is referred to as
  • A. demurrage charges
  • B. premium charges
  • C. excess charges
  • D. trade charges
View Answer & Discuss (1) JAMB 2016
2

The process whereby a firm directs its marketing efforts towards a single market by the use of a particular marketing mix is referred to as

  • A. concentration segmentation
  • B. market concept
  • C. consumer orientation
  • D. market penetration
View Answer & Discuss (5) JAMB 2016
3
The function of money that is mostly affected by inflation is
  • A. store of value
  • B. medium of exchange
  • C. measure of value
  • D. unit of account
View Answer & Discuss (2) JAMB 2016
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4
Ordianry warehouse is usually owned and used by
  • A. government
  • B. agents
  • C. retailers
  • D. wholesalers
View Answer & Discuss (3) JAMB 2016
5
The winding up of a firm by a resolution of its shareholders is an example of
  • A. voluntary liquidation
  • B. bankruptcy
  • C. recession
  • D. involuntary liquidation
View Answer & Discuss (1) JAMB 2016
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