by Sunday | Dec 10 | Commerce JAMB
A. Employees B. management C. government D. shareholders Correct Answer: Option D – shareholders Explanation In a stock corporation, non-executive directors are voted for by the shareholders and the board is the highest authority in the management of the...
by Sunday | Dec 10 | Commerce JAMB
A. Brand name B. Trademark C. copyright D. Patent right Correct Answer: Option B – Trademark Explanation A trademark, trade mark, or trade-mark is a recognizable sign, design, or expression which identifies products or services of a particular source from those...
by Sunday | Dec 10 | Commerce JAMB
A. Ad-valorem duty B. excise duty C. export duty D. quota Correct Answer: Option B – excise duty Explanation An excise duty is a type of tax charged on goods produced within the country excise duty is a percentage levied on manufacture, sale, or use of locally...
by Sunday | Dec 10 | Commerce JAMB
A. Bank rate B. Cash reserve ratio C. Open market operation D. Bank credit Correct Answer: Option C – Open market operation Explanation Open market operations (OMO) refer to the buying and selling of government securities in the open market in order to expand or...
by Sunday | Dec 10 | Commerce JAMB
A. It is not flexible B. It carries bulky goods C. It works at intervals D. Cost of transportation is high Correct Answer: Option A – It is not flexible Explanation Disadvantages of rail transportation includes: Lack of Flexibility, Lack of Door to Door Service,...
Land Law and the Consequences of Unauthorized Land Transfers in Nigeria
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