by Sunday | Dec 12 | Commerce JAMB
A. Carrying favour from local people B. finding a way to spend excess profit C. Fulfilling part of its social responsibility D. Investing its idle fund Correct Answer: Option C – Fulfilling part of its social responsibility Explanation The health centre the...
by Sunday | Dec 12 | Commerce JAMB
A. Coastal Liners and Cargo Liners B. Cargo Liners and Tramp liners C. Passenger liners and Tramp liners D. Passenger Liners and Cargo Liners Correct Answer: Option D – Passenger Liners and Cargo Liners Explanation Ocean liners are vessels that operate on...
by Sunday | Dec 12 | Commerce JAMB
# # Capital 8000 Plant and machinery 5000 Net profit 4000 Motor van 4500 Drawings 200 Stock 2000 Creditors 2000 Debtor 1000 Accruals 300 Bank 100 Cash 600 14100 14100 A. 1.13 : 1 B. 2 : 1 C. 4.75 : 1 D. 4.25 : 1 Correct Answer: Option A = 1.13 :...
by Sunday | Dec 11 | Commerce JAMB
A. facilitate human satisfaction through exchange B. eliminate trade barriers C. provide raw materials for manufacturers D. influence government policies Correct Answer: Option A – facilitate human satisfaction through exchange Explanation Commerce provides the...
by Sunday | Dec 11 | Commerce JAMB
A. reduce the number of unskilled manpower B. increase the number of skilled manpower C. prevent liquidation D. liberalize the market Correct Answer: Option C – prevent liquidation Explanation Synergy: One of the main reasons why companies merge or acquire other...
by Sunday | Dec 11 | Commerce JAMB
A. bank draft B. legal tender C. token money D. partial money Correct Answer: Option D – partial money Explanation Partial payment refers to the offering of a payment by check for less than the full amount claimed by the...