Jamb Commerce 2009 Past Questions and Answers

Question 31:

• JAMB 2009

The circulating capital of a business enterprise is classified into?

A. Cash, work-in-progress and debtors
B. Cash,vehicles, land and buildings
C. Debtors , stock of raw materials and fittings
D. Pre-payments, debtors and equipment

Question 32:

• JAMB 2009

if a firm has a turnover of N50 000 and the cost of goods sold is N40 000, what is the percentage of gross profit on sale?

A. 30.5%
B. 20.5%
C. 20.0%
D. 10.0%

Question 33:

• JAMB 2009

A body established to protect the interest of members against the exploitation of retail traders and manufacturers is the?

A. Whloesalers' association
B. Consumers association
C. Government agency
D. Workers' union

Question 34:

• JAMB 2009

The manufacturers' Association of Nigeria is an example of a?

A. Labour union
B. Pressure group
C. Conglomerate
D. Cartel

Question 35:

• JAMB 2009

The characteristics which ensures that money is free from forgery is its?

A. Legality
B. Durability
C. Recongnition
D. Credibility