by Sunday | Dec 14 | Commerce JAMB
A. private limited liability company B. sole proprietorship C. public limited liability company D. co-operation society Correct Answer: Option B – sole proprietorship Explanation A sole proprietorship, also known as the sole trader, individual entrepreneurship...
by Sunday | Dec 14 | Commerce JAMB
A. high cost of construction B. limitation in scope C. vulnerability to climate changes D. high maintenance cost Correct Answer: Option A – high cost of construction
by Sunday | Dec 14 | Commerce JAMB
A. reinsurance B. life insurance C. underwriter D. marine insurance Correct Answer: Option A – reinsurance Explanation Reinsurance is the practice whereby insurers transfer portions of their risk portfolios to other parties by some form of agreement to reduce...
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...