by Sunday | Dec 11 | Commerce JAMB
A. quantity of goods B. utility of goods C. quality of goods D. price of goods Correct Answer: Option B – utility of goods Explanation The efficient management of warehouses helps to optimise the existing production and distribution processes and greatly assist...
by Sunday | Dec 11 | Commerce JAMB
A. quantity of goods B. price of goods C. designation of goods D. quality of goods Correct Answer: Option B – price of goods Explanation A pro forma invoice is a preliminary bill of sale sent to buyers in advance of a shipment or delivery of goods. The invoice...
by Sunday | Dec 11 | Commerce JAMB
A. del-credere agent B. a broker C. rack jobber D. a factor Correct Answer: Option D – a factor Explanation merchant wholesaler is an entity that purchases products, takes title of them, and then sells them (generally to retailers, other wholesalers, and...
by Sunday | Dec 11 | Commerce JAMB
i. personal savings. ii. retained earnings iii. accrued taxes. A. i and ii B. i and iii C. ii and iii D. i, ii and iii Correct Answer: Option A – i and ii Explanation Internal sources of finance are ways to use the assets you have to run your business rather...
by Sunday | Dec 11 | Commerce JAMB
A. joint partnership B. cooperative C. corporation D. joint venture Correct Answer: Option A – joint partnership Explanation A joint partnership is a legal structure for a business to use to bring together the abilities, resources, and talents of multiple...
by Sunday | Dec 11 | Commerce JAMB
A. usury laws B. sale of goods act C. hire purchase act D. food and drugs act Correct Answer: Option B – sale of goods act Explanation The law governing Sale of Goods in Nigeria is the Sale of Goods Act2 1893 (SOGA), a statute of General Application in force in...