by Sunday | Dec 11 | Commerce JAMB
# sales 15,000 opening stock 5,600 purchase 9,700 closing stock 4,400 gross profit 4,500 net profit 2,000 A. 3.50 times B. 3.00 times C. 2.00 times D. 2.18 Correct Answer: Option D – 2.18 Explanation Definition of rate of turnover: Number of times a...
by Sunday | Dec 11 | Commerce JAMB
A. system software B. micro program C. syntax D. system flow-chart Correct Answer: Option A – system software Explanation System software is software designed to provide a platform to other software. Examples of system software include operating systems like...
by Sunday | Dec 11 | Commerce JAMB
A. encoder B. receiver C. audience D. sender Correct Answer: Option B – receiver Explanation The process of communication refers to the transmission or passage of information or message from the sender through a selected channel to the receiver overcoming...
by Sunday | Dec 11 | Commerce JAMB
A. subsidiaries and their holding company B. firms C. associates and their holding company D. industries Correct Answer: Option A – subsidiaries and their holding company Explanation An industry is a group of companies that are related based on their primary...
by Sunday | Dec 11 | Commerce JAMB
A. standard organisation of Nigeria B. Nigeria consumer association C. manufacturers association of Nigeria D. Nigeria chambers of commerce Correct Answer: Option A – standard organisation of Nigeria Explanation The Standard Organisation of Nigeria (SON) is the...