Commerce 2016 Jamb Past Questions and Answers

Question 1 :

• JAMB 2016

The cost which is incurred asa result of failure to load or unload a ship at the ports within a specified period is referred to as

A. Demurrage charges
B. Premium charges
C. Excess charges
D. Trade charges

Question 2 :

• JAMB 2016

The cost which is incurred asa result of failure to load or unload a ship at the ports within a specified period is referred to as

A. Demurrage charges
B. Premium charges
C. Excess charges
D. Trade charges

Question 3 :

• JAMB 2016

The process whereby a firm directs its marketing efforts towards a single market by the use of a particular marketing mix is referred to as

A. Concentration segmentation
B. Market concept
C. Consumer orientation
D. Market penetration

Question 4 :

• JAMB 2016

The function of money that is mostly affected by inflation is

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

Question 5 :

• JAMB 2016

Ordianry warehouse is usually owned and used by

A. Government
B. Agents
C. Retailers
D. Wholesalers