by Sunday | Dec 14 | Commerce JAMB
A. dock landing account B. bill of sight C. bill of lading D. dock warrant Correct Answer: Option D – dock warrant Explanation A dock warrant is an instrument issued by a ware housekeeper, licensed by the state to traders who deposit goods with them. A dock...
by Sunday | Dec 14 | Commerce JAMB
A. exchanging goods within a nation B. exchanging goods among countries C. importing goods to be re-exported D. exporting goods to be re-imported Correct Answer: Option C – importing goods to be re-exported Explanation Entrepot; Trade in which imported goods are...
by Sunday | Dec 14 | Commerce JAMB
A. a consular invoice B. a closed indents C. an open indent D. a freight note Correct Answer: Option C – an open indent Explanation An open indent is an order to an overseas purchasing agent to buy certain goods, without specifying the manufacturer. If the...
by Sunday | Dec 14 | Commerce JAMB
A. balance of payment B. terms of trade C. balance of trade D. terms of payment Correct Answer: Option C – balance of trade Explanation Balance of trade; the difference in value between a country’s imports and...
by Sunday | Dec 14 | Commerce JAMB
A. assembling B. wholesaling C. retailing D. merchandising Correct Answer: Option B – wholesaling Explanation Wholesaling is the business of distributing goods in bulk to other businesses that repackage them in smaller quantities for sale directly to...