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Commerce 2024 JAMB Past Questions

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31

The policy designed to accelerate the greater participation of Nigerians in the ownership and management of business enterprises in Nigeria is called

  • A. nationalisation
  • B. indigenity
  • C. commercialization
  • D. industrialization
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32

Which of these is used in calculating working capital?

  • A. furniture and fittings
  • B. stock of raw material
  • C. machinery
  • D. office equipment
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33

Obi received a cheque for #1000 from Mr. Ade and this cheque was stolen. He must

  • A. inform Mr. Ade to tell his bank to stop payment
  • B. inform his bank to stop payment
  • C. simply ask Mr. Ade for another cheque
  • D. tell his bank to add the amount to his bank balance
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34

A contract in which all parties to the contract have carried out their obligation is said to be terminated by

  • A. performance
  • B. breach of contract
  • C. operation of the law
  • D. frustration
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35

The deliberate throwing of some goods into the sea to prevent the ship from sinking is an example of

  • A. constructive total loss
  • B. an actual total loss
  • C. a general average loss
  • D. a partial loss
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