by Sunday | Dec 11 | Commerce JAMB
A. Token money B. commodity money C. fiat money D. representative Correct Answer: Option B – commodity money Explanation Money is a type of asset in an economy that is used to buy goods and services from other people. A commodity is a physical item that is...
by Sunday | Dec 11 | Commerce JAMB
A. capital B. labour C. land D. rent Correct Answer: Option C – land Explanation land is a different type of factor of production than others. it possesses the following characteristics:- free gift of nature- land is a gift of nature given to man free of cost...
by Sunday | Dec 11 | Commerce JAMB
A. a contract B. an offer C. an acceptance D. a consideration Correct Answer: Option A – a contract Explanation A contract is an agreement or law binding the creation of business and enforceable in law.
by Sunday | Dec 11 | Commerce JAMB
A. the central bank B. at least two banks C. his bank D. any bank Correct Answer: Option D – any bank Explanation Is an unconditional written order from one person to another to pay a specified sum of money to a designated...
by Sunday | Dec 11 | Commerce JAMB
A. Law of contract B. Trade description Act C. Company’s Act D. Partnership Act Correct Answer: Option B – Trade description Act Explanation This protects the consumers from false description of goods in terms of quality, quantity, size, place and date of...
by Sunday | Dec 11 | Commerce JAMB
# sales 15,000 opening stock 5,600 purchase 9,700 closing stock 4,400 gross profit 4,500 net profit 2,000 A. 3.50 times B. 3.00 times C. 2.00 times D. 2.18 Correct Answer: Option D – 2.18 Explanation Definition of rate of turnover: Number of times a...
Land Law and the Consequences of Unauthorized Land Transfers in Nigeria
Original price was: ₦1,000.00.₦300.00Current price is: ₦300.00.