by Sunday | Dec 10 | Commerce JAMB
A. Employees B. The chairman of the board C. Shareholders D. Manufacturer’s warehouse Correct Answer: Option C – Shareholders Explanation In a publicly traded company, people who choose to buy stock in the company become shareholders and gain partial ownership...
by Sunday | Dec 10 | Commerce JAMB
A. Total loss and partial loss B. Voyage policy loss and time policy loss C. Particular loss and average loss D. Actual loss and general loss Correct Answer: Option A – Total loss and partial loss Explanation The two main types of marine loss are total and...
by Sunday | Dec 10 | Commerce JAMB
A. Dividend B. Interest C. commission D. Profit Correct Answer: Option B – Interest Explanation a debenture is defined as a certificate of agreement of loans which is given under the company’s stamp and carries an undertaking that the debenture holder will...
by Sunday | Dec 10 | Commerce JAMB
A. Shares B. Overdraft C. debenture D. leasing Correct Answer: Option B – Overdraft Explanation Short term capital is Liquid funds or assets that can be turned into liquid funds within less than a one year period. The amount of short-term capital that a business...
by Sunday | Dec 10 | Commerce JAMB
A. SEC A. CBN B. BPE D. NDIC Correct Answer: Option A – SEC Explanation The Securities and Exchange Commission (SEC) is the main regulatory institution of the Nigerian capital market The Nigerian Stock Exchange (NSE) is privately owned and self-regulating, but...
by Sunday | Dec 10 | Commerce JAMB
A. The rule of the law B. Its acceptability in the global market C. The legal backing D. The central bank’s Governor’s signature Correct Answer: Option C – The legal backing Explanation Legal tender is any official medium of payment recognized by law that can be...