by Sunday | Dec 14 | Commerce JAMB
A. trust B. integration C. syndicate D. cartel Correct Answer: Option C – syndicate Explanation A syndicate is an association of people or organizations that is formed for business. It is a group of individuals or organizations combined to promote a common...
by Sunday | Dec 14 | Commerce JAMB
A. limited liability B. lack of corporate existence C. unlimited membership D. lack of mutual confidence Correct Answer: Option B – lack of corporate existence
by Sunday | Dec 14 | Commerce JAMB
A. wholesalers’ warehouse B. public warehouse C. state warehouse D. manufacturers’ warehouse Correct Answer: Option C – state warehouse Explanation State warehouse: This is owned and controlled by the government of a country. It is a warehouse where...
by Sunday | Dec 14 | Commerce JAMB
A. absence of genuine tour operators B. lack of tourism master plan C. inadequate tourist centres D. non-compliance to immigration laws Correct Answer: Option B – lack of tourism master plan
by Sunday | Dec 14 | Commerce JAMB
A. a del credere agent B. an auctioneer C. a factor D. a broker Correct Answer: Option D – a broker Explanation A broker is a person or firm who arranges transactions between a buyer and a seller for a commission when the deal is...
by Sunday | Dec 14 | Commerce JAMB
A. concerting losses on damages to the cargo B. protecting injured crew in the ship C. averting payment of the freight D. covering damages to the body of the ship Correct Answer: Option D – covering damages to the body of the ship Explanation Hull insurance is...