by Sunday | Dec 11 | Commerce JAMB
A. pay cash to the bank: for manufacturers B. stock perishable goods C. regulate price for manufacturers D. stock goods produced by different manufacturer Correct Answer: Option D – stock goods produced by different...
by Sunday | Dec 11 | Commerce JAMB
A. mining B. teaching C. banking D. driving Correct Answer: Option A – mining Explanation All the options are classification of production. It involves people whose activities are directed to the process of bringing out natural resources from the soil and...
by Sunday | Dec 11 | Commerce JAMB
A. an order cheque B. a bounced cheque C. a bearer cheque D. an open cheque Correct Answer: Option B – a bounced cheque Explanation A cheque is said to be bounced if the cheque is being rejected or dishonoured by the bank. Another name for dishonoured cheque is...
by Sunday | Dec 11 | Commerce JAMB
A. helping in the extraction of raw material from nature B. providing a link between the different stage of conversion of good C. yielding result D. satisfying Correct Answer: Option D – satisfying Explanation Options A, B and C are placed under the types of...
by Sunday | Dec 11 | Commerce JAMB
A. makes payment for goods cumbersome B. increase the cost of goods in transit C. give room for distortion of fact D. hinder quick reception of messages over a long distance Correct Answer: Option C – give room for distortion of...
by Sunday | Dec 11 | Commerce JAMB
A. Rent B. profits C. wages D. Interest Correct Answer: Option A – Rent Explanation Since land is a free gift of nature, it doesn’t require any cost to be paid in order to make it available to the society for use. As the quantity of land available for use...