Question 331:

• JAMB 1998

Emeka ordered goods for his retail shop. The manufacturer sells the goods at retail price of N 500 but would give it to Emeka at N 400. What kind of discount did he get?

A. Cash discount
B. Trade discount
C. Quantity discount
D. Seasonal discount.

Question 332:

• JAMB 1999

The conversion of raw material into finished products creates

A. Marginal utility
B. Place utility
C. Form utility
D. Time utility

Question 333:

• JAMB 1999

The conversion of raw material into finished products creates

A. Marginal utility
B. Place utility
C. Form utility
D. Time utility

Question 334:

• JAMB 1999

Commerce makes it possible for man to live in a

A. Complex and organized society
B. Society characterized by subsistency
C. Society characterized by dependency
D. Simple and organized society

Question 335:

• JAMB 1999

Use the information below to answer questions 3 and 4.
Aboki Plc, became the insolvent and decided to wind up to meet the legitimate claims of its creditors.
Babalawee was called in to manage the dissolution.
after paying the debts of aboki Plc, the balance goes to?

A. Aboki Plc
B. Babalawee
C. Shareholders
D. Creditors