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Commerce 2016 JAMB Past Questions

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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
21

Funds used for paying wages, salaries and payments for raw materials are categorized under

  • A. liquid capital
  • B. circulating capital
  • C. fixed capital
  • D. nominal capital
View Answer & Discuss JAMB 2016
22

A formal letter to a dealer to enquire details about certain items for sale is referred to as

  • A. an inquiry
  • B. an invoice
  • C. an order
  • D. a quotation
View Answer & Discuss (1) JAMB 2016
23

The pricing policy that seeks to set prices relatively high in order to attract the wealthy segment of the market is

  • A. target return pricing
  • B. market skimming
  • C. variable pricing
  • D. market penetration
View Answer & Discuss JAMB 2016
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24

In the transportation industry, dead freight is used to describe the

  • A. cost paid for an empty space left in the ship
  • B. charge for each day a performance was delayed
  • C. persons that hire a ship for a specific purpose
  • D. cost of shipping a particular cargo for a specific voyage
View Answer & Discuss JAMB 2016
25

When expenses on trading are deducted, the result is the

  • A. rate of turn over
  • B. net profit
  • C. gross profit
  • D. cost of goods sold
View Answer & Discuss JAMB 2016
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts