by Sunday | Dec 11 | Commerce JAMB
i. personal savings. ii. retained earnings iii. accrued taxes. A. i and ii B. i and iii C. ii and iii D. i, ii and iii Correct Answer: Option A – i and ii Explanation Internal sources of finance are ways to use the assets you have to run your business rather...
by Sunday | Dec 11 | Commerce JAMB
A. joint partnership B. cooperative C. corporation D. joint venture Correct Answer: Option A – joint partnership Explanation A joint partnership is a legal structure for a business to use to bring together the abilities, resources, and talents of multiple...
by Sunday | Dec 11 | Commerce JAMB
A. usury laws B. sale of goods act C. hire purchase act D. food and drugs act Correct Answer: Option B – sale of goods act Explanation The law governing Sale of Goods in Nigeria is the Sale of Goods Act2 1893 (SOGA), a statute of General Application in force in...
by Sunday | Dec 11 | Commerce JAMB
A. merchants B. manufacturers C. entrepreneurs D. importers Correct Answer: Option C – entrepreneurs Explanation A chamber of commerce (or board of trade) is a form of business network, for example, a local organization of businesses whose goal is to further the...
by Sunday | Dec 11 | Commerce JAMB
A. recruitment, interview and appointment B. recruitment, selection and placement C. recruitment, test and placement D. recruitment, procurement and appointment Correct Answer: Option B – recruitment, selection and placement Explanation You recruit Select the...