by Sunday | Dec 14 | Commerce JAMB
A. The loss should be borne by the insurer B. Mr. Lawal is liable only for half of the estimated loss C. The insurer should make a consolation payment for the loss D. The loss should be borne by Mr. Lawal Correct Answer: Option D – The loss should be borne by...
by Sunday | Dec 14 | Commerce JAMB
A. tourism B. banking C. communication D. transportation Correct Answer: Option B – banking Explanation Banking has to do with engaging in the business of keeping money for savings and checking accounts or for exchange or for issuing loans and credit etc. it...
by Sunday | Dec 14 | Commerce JAMB
A. within 6 months B. after 9 months C. within 9 months D. after 6 months Correct Answer: Option A – within 6 months Explanation Personal cheques are valid for six months from the date of issue after which they become stale. Unlike personal cheques, bank cheques...
by Sunday | Dec 14 | Commerce JAMB
A. billboard B. television C. newspaper D. radio Correct Answer: Option A – billboard
by Sunday | Dec 14 | Commerce JAMB
A. money must be enclosed when ordering B. payment must be made on delivery C. payment must be made within few days D. cash must be paid on the spot Correct Answer: Option A – money must be enclosed when ordering Explanation Cash With Order (CWO): A payment term...
by Sunday | Dec 14 | Commerce JAMB
A. Free Alongside Ship B. Franco C. Free On Board D. Free On Rail Correct Answer: Option C – Free On Board Explanation Free On Board, in short FOB, is a term frequently used in shipping terms where the seller quotes a price including the cost of delivering goods...