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Commerce 2022 JAMB Past Questions

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46

The document issued by a public company allowing it to commence business is the

  • A. Articles of Association
  • B. Certificate of Incorporation
  • C. Memorandum of Association
  • D. Certificate of Trading
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47

Which of the following is not a function of a consumer association?

  • A. Ensuring that consumers buy quality goods
  • B. Educating consumers on their rights
  • C. Penalizing importers of fake goods
  • D. Ensuring that fair prices are charged
View Answer & Discuss (1) JAMB 2022
48

An association formed by computer distributors to safeguard and promote their interest is a

  • A. chamber of commerce
  • B. cooperative society
  • C. trade association
  • D. trade union
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49

The issue of prospectus by a company is an invitation to members of the public to

  • A. subscribe to the company's shares
  • B. attend the company's Annual general Meeting
  • C. buy the company's products
  • D. attend the company's board meeting
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50

Examples of current assets are

  • A. cash and trade debtors
  • B. cash and trade creditors
  • C. trade debtors, trade creditors and cash
  • D. trade creditors and trade debtors
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