by Sunday | Dec 19 | Commerce JAMB
A. the legal processes involved in their formation are rigid B. membership is compulsory to people in the same line of business C. the contribution of every member depends on the member’s ability D. a minimum of ten people in the same line of business can form...
by Sunday | Dec 19 | Commerce JAMB
A. is used as a means of payment B. promotes specialization and exchange C. measures value and promotes exchange D. causes inflation in the economy Correct Answer: Option C – measures value and promotes exchange
by Sunday | Dec 19 | Commerce JAMB
A. Mini-computer, speed and size B. Micro-computer, cost and abilities C. Mini-computer, Micro-computer and work station D. Mini-computer, hybrid and digital Correct Answer: Option C – Mini-computer, Micro-computer and work...
by Sunday | Dec 19 | Commerce JAMB
A. sales invoice, bill of lading and insurance certificate B. clean bill, bill of lading, and insurance certificate C. bill of lading, consular invoice, and insurance certificate D. consular invoice, FOB certificate and bill of lading Correct Answer: Option D –...
by Sunday | Dec 19 | Commerce JAMB
A. takes care of uncertainty, assurance takes care of risks B. takes care of risks, assurance takes care of uncertainty C. hinges on probabilities, assurance is based on possibilities D. is about indemnity, assurance is about life in the future Correct Answer: Option...
by Sunday | Dec 19 | Commerce JAMB
A. compensations are paid out of a common fund B. two people can pool their risks to be insured C. two insurance companies can buy two policies D. insurance companies should encourage taking risks. Correct Answer: Option A – compensations are paid out of a...
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