Jamb Commerce 2012 Past Questions and Answers

Question 21:

• JAMB 2012

A person who undertakes life insurance is said to be an

A. Insurer
B. Assurer
C. Assured
D. Insured

Question 22:

• JAMB 2012

Tourism serves the purpose of

A. Cross-cultural understanding and peaceful interaction
B. Opening values for leaving the country
C. Economic development and naturilization
D. Exploiting the country's natural endowment

Question 23:

• JAMB 2012

The type of letters that are delivered through the normal mail or by airmail express service is referred to as

A. Inland letters
B. Registered letters
C. Airmail letters express letters
D. Express letters

Question 24:

• JAMB 2012

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

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

Question 25:

• JAMB 2012

The most important business objective is to

A. Improve investments
B. Provide quality products
C. Target consumers for satisfaction
D. Carve a niche for the business