by Sunday | Dec 12 | Commerce JAMB
A. indemnity insurance B. fidelity guarantee insurance C. non-insurable risk D. non-indemnity insurance Correct Answer: Option A – indemnity insurance Explanation Indemnity insurance is a contractual agreement in which one party guarantees compensation for...
by Sunday | Dec 12 | Commerce JAMB
A. accident insurance policy B. fidelity guarantee insurance policy C. motor vehicle insurance policy D. life assurance policy Correct Answer: Option D – life assurance policy Explanation An endowment policy is a life insurance contract designed to pay a lump...
by Sunday | Dec 12 | Commerce JAMB
A. poste restante B. parcel post C. private mail bag D. recorded delivery Correct Answer: Option A – poste restante Explanation Poste Restante is an incredibly useful way of getting post and mail sent to you when you are traveling or setting up in new country....
by Sunday | Dec 12 | Commerce JAMB
A. an invoice for #200 B. a debit note for #2,00 C. a credit note for #1,800 D. a debit note for #1,800 Correct Answer: Option D – a debit note for #1,800
by Sunday | Dec 12 | Commerce JAMB
A. a consignment note B. an order C. a quotation D. an advice note Correct Answer: Option C – a quotation Explanation A document sent to a potential customer offering to sell goods or services at a certain price, under specified...
by Sunday | Dec 12 | Commerce JAMB
A. statement of account B. consular invoice C. proforma invoice D. statement affairs Correct Answer: Option A – statement of account Explanation A statement of account is a detailed report of the contents of an account. An example is a statement sent to a...