by Sunday | Dec 14 | Commerce JAMB
A. freight note B. mate receipt C. export invoice D. ship report Correct Answer: Option A – freight note Explanation Freight note is an invoice from a shipowner to a shipper showing the amount of freight due on a shipment of goods. It can be use in place of a...
by Sunday | Dec 14 | Commerce JAMB
A. bill of lading B. bill of exchange C. documentary evidence D. negotiable instrument Correct Answer: Option A – bill of lading
by Sunday | Dec 14 | Commerce JAMB
A. current account, capital account and monetary movement account B. capital account, trade account and business record C. sales account, profit and loss account and capital account D. monetary movement account, trade account and sales ledger Correct Answer: Option A...
by Sunday | Dec 14 | Commerce JAMB
A. exports is more than imports B. imports is more than exports C. currency devaluation D. invisible exports is more than visible exports Correct Answer: Option B – imports is more than exports Explanation A country’s balance of payment problems arises...
by Sunday | Dec 13 | Commerce JAMB
A. reduce transportation cost B. make contact with individual consumers C. discourage the activities of middlemen D. maximize profit margin Correct Answer: Option B – make contact with individual consumers Explanation Direct selling allows you to further...
by Sunday | Dec 13 | Commerce JAMB
A. financing of production activities B. provision of credit facilities to relations C. provision of jobs for customers D. breaking of bulk Correct Answer: Option D – breaking of bulk Explanation Functions of Retailers: – Breaking the Bulk (buying in large...