Jamb Commerce 2007 Past Questions and Answers

Question 36:

• JAMB 2007

A share premium is an example of?

A. Issued capital
B. Capital stock
C. Equity capital
D. Capital reserve

Question 37:

• JAMB 2007

The abbreviation C and F indicate that the?

A. Production cost excludes the cost of carriage
B. Selling price includes the cost of carriage
C. Cost of production includes dilivery charges
D. Cost price includes the cost of carriage

Question 38:

• JAMB 2007

The sale of of foreign investment and gold reserves can be used to?

A. Correct adverse balance of trade
B. Increase invisible imports
C. Correct adverse balance of payment
D. Correct a budget deficit

Question 39:

• JAMB 2007

A major benefit a debtor can derive from using a credit facility is?

A. Better service
B. Goodwill
C. Convenience
D. Control

Question 40:

• JAMB 2007

The function of money that facilitates the comparison of the quality of goods as a basis of exchange is the?

A. Unit of account
B. Measure of value
C. Store of value
D. Medium of exchange