Jamb Commerce 2003 Past Questions and Answers

Question 6:

• JAMB 2003

A pattern that shows the kinds of participants involved in the production, distribution and ultimate use of a product is referred to as?

A. Selection
B. Strategy
C. Structure
D. Synergy

Question 7:

• JAMB 2003

Goods that are manufactured or acquired by the seller after the contract of sale are?

A. Specialty goods
B. Future goods
C. Specific goods
D. General goods

Question 8:

• JAMB 2003

Use the information below to answer question 7 and 8.
Ojo purchased the following items from Sani at the specified prices on credit:
200 cartons of milk at N1,000 per carton; 50 bags of rice at N3 000 per bag.
Sani allowed 10% trade discount and 5% cash discount, if payment is made within the agreed period. Ojo paid within the agrred period.
What was the the amount paid by Ojo?

A. N382,500
B. N425,000
C. N363,375
D. N61,625

Question 9:

• JAMB 2003

How much was the trade discount?

A. N42.500
B. N27,500
C. N22,500
D. 20,000

Question 10:

• JAMB 2003

The basic functin of the Nigeria Ports Authority is to?

A. Ensure that the right calibre of personnel is employed at the ports
B. Coordinate and regulate the activities of shipping lines
C. Facilitate and control the movement of goods and services into and out of the country
D. Coordinate the activities of all the seaports in the country