by Sunday | Dec 11 | Commerce JAMB
A. nationalisation B. privatisation C. indigenisation D. commercialisation Correct Answer: Option C – indigenisation Explanation Is a process of transferring ownership of foreign owned business to the indigenes of the country to encourage full participation of...
by Sunday | Dec 11 | Commerce JAMB
A. interest B. brokerage C. poundage D. premium Correct Answer: Option C – poundage Explanation This is a small fee charged by the post office for sending money through mail. The poundage is paid by the...
by Sunday | Dec 11 | Commerce JAMB
A. debit note B. proforma invoice C. letter of credit D. credit note Correct Answer: Option D – credit note Explanation A seller receives goods (returned) from the buyer, he prepares and sends a credit note as an intimation to the buyer, showing that the money...
by Sunday | Dec 11 | Commerce JAMB
A. Errors of exception B. Errors and omissions excepted C. Estimated and order error D. End of error Correct Answer: Option B – Errors and omissions excepted Explanation This is an attempt to reduce legal liability for potentially incorrect or incomplete...
by Sunday | Dec 11 | Commerce JAMB
A. indigenisation B. privatisation C. deregulation D. commercialisation Correct Answer: Option B – privatisation Explanation privatization is moving something from the public sector into the private sector. The transfer of ownership, property or business from...
by Sunday | Dec 11 | Commerce JAMB
A. an auctioneer B. a broker C. a liquidator D. an auditor Correct Answer: Option C – a liquidator Explanation A liquidator is a person appointed to wind up the affairs of a company or firm. A person assigned to supervise the liquidation of a business concern...