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Commerce 2023 JAMB Past Questions

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16

An individual that links the producer with the retailer is

  • A. an agent
  • B. a wholesaler
  • C. a principal
  • D. an entreprenuer
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17

I. Its unlimited nature
II. The number of partners
III. The withdrawal of a major of partner
IV. The bearing of risk

Which of these is both merit and demerit in partnership?

  • A. III and IV
  • B. I only
  • C. II only
  • D. I and II
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18

A factor necessary for siting of a warehouse is nearness to

  • A. labour
  • B. consumers
  • C. capital
  • D. raw materials
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WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 127076
19

The principle which requires the insurance company to disclose to the proposer all material facts of the risk to be covered is

  • A. uberrimae fidei
  • B. subrogation
  • C. contribution
  • D. proximate cause
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20

One disadvantages of advertising is that it

  • A. could be misleading
  • B. decreases sales
  • C. reduces profit
  • D. causes over stocking
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WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 127076
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WAEC offline past questions - with all answers and explanations in one app - Download for free