Commerce Past Questions and Answers

Question 4351:

• JAMB 2023

A bill of exchange already accepted can be discounted by the holder in

A. The central bank
B. His bank
C. At least two banks
D. Any bank

Question 4352:

• JAMB 2023

The process of converting a non-profit making organisation to a profit-making business is

A. Commercialisation
B. Deregulation
C. Indigenisation
D. Privatisation

Question 4353:

• JAMB 2023

An agreement that is enforceable in law is

A. A contract
B. An acceptance
C. An offer
D. A consideration

Question 4354:

• JAMB 2023

One of the functions of a retailer is the

A. Breaking of bulk
B. Provision of credit facilities to relations
C. Provision of jobs for customers
D. Financing of production activities

Question 4355:

• JAMB 2023

A business organization that exploits the capabilities of a member to remedy the weakness of another is a

A. Joint venture
B. Partnership
C. Nominal partnership
D. Cooperative