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Commerce 2018 JAMB Past Questions

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6

Privatization is

  • A. Transfer of ownership from individual to government
  • B. Transfer of ownership from government to stakeholders
  • C. Transfer of ownership from government to individuals
  • D. Government taking charge of all businesses
View Answer & Discuss (1) JAMB 2018
7

In the law of contact, a counter offer operates as

  • A. A contact
  • B. an acceptance
  • C. a rejection
  • D. a rejection
View Answer & Discuss (1) JAMB 2018
8

What is a Quota?

  • A. Tax pad on goods produced within a country
  • B. A physical restriction placed on quantity of goods that can be imported
  • C. Tax paid on goods produced outside a country
  • D. Ban on all imported goods
View Answer & Discuss JAMB 2018
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WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 24709
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9

Which of the following functions is not performed by warehousing?

  • A. Stabilization of price
  • B. production ahead of demand
  • C. creating scarcity of goods
  • D. storage of goods
View Answer & Discuss JAMB 2018
10

One of these is a current asset

  • A. Fittings
  • B. Machineries
  • C. Motor vehicles
  • D. stock
View Answer & Discuss JAMB 2018
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Download WAEC May/June App - Get all past questions and answers, 100% offline - 43208
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 24709