by Sunday | Dec 11 | Commerce JAMB
A. financial responsibility B. economic responsibility C. legal responsibility D. social responsibility Correct Answer: Option D – social responsibility Explanation Social responsibility is an ethical framework and suggests that an entity, be it an organization...
by Sunday | Dec 11 | Commerce JAMB
A. cartel B. syndicate C. Chamber of Commerce D. Nigeria Bar Association Correct Answer: Option C – Chamber of Commerce Explanation A Chamber of Commerce (also referred to in some circles as a board of trade) is a form of business network, e.g., a local...
by Sunday | Dec 11 | Commerce JAMB
A. transportation B. communication C. tourism D. insurance Correct Answer: Option C – tourism Explanation Tourism means people traveling for fun. It includes activities such as sightseeing and camping. People who travel for fun are called “tourists”....
by Sunday | Dec 11 | Commerce JAMB
A. gives preferential treatment to Nigerian investors B. provides credit facilities to importers C. encourages the growth of infant industries D. provides warehousing facilities at the docks Correct Answer: Option D – provides warehousing facilities at the docks...
by Sunday | Dec 11 | Commerce JAMB
A. Total assets less current liabilities B. Current liabilities less current assets C. Fixed liabilities less current assets D. Current assets less current liabilities Correct Answer: Option A – Total assets less current liabilities Explanation The net working...
by Sunday | Dec 11 | Commerce JAMB
A. availability of forex B. availability of storage facilities C. the location of the business D. the number of skilled manpower Correct Answer: Option D – the number of skilled manpower Explanation There are various factors which affect the volume of production...