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Commerce 2024 JAMB Past Questions

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11

An allowance made to a customer for prompt payment is known as

  • A. bulk discount
  • B. commission
  • C. cash discount
  • D. allowance
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12

A person who runs a business on his own account is called a

  • A. customer
  • B. sole trader
  • C. director
  • D. partner
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13

All the following are principles of insurance EXCEPT

  • A. insurable interest
  • B. particular average
  • C. utmost good faith
  • D. subrogation
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14

One of the following does NOT fit into the group.

  • A. agriculture
  • B. carpentry
  • C. fishing
  • D. mining
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15

A public limited liability company is owned by

  • A. government
  • B. shareholders
  • C. general public
  • D. debenture holders
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