Jamb Commerce 2016 Past Questions and Answers

Question 21:

• JAMB 2016

A document that serves as an instument for perferential tariff is referred to as

A. An indent
B. A certificate of origin
C. A consular invoice
D. An advice note

Question 22:

• JAMB 2016

Funds used for paying wages, salaries and payments for raw materials are categorized under

A. Liquid capital
B. Circulating capital
C. Fixed capital
D. Nominal capital

Question 23:

• JAMB 2016

A formal letter to a dealer to enquire details about certain items for sale is referred to as

A. An inquiry
B. An invoice
C. An order
D. A quotation

Question 24:

• JAMB 2016

The pricing policy that seeks to set prices relatively high in order to attract the wealthy segment of the market is

A. Target return pricing
B. Market skimming
C. Variable pricing
D. Market penetration

Question 25:

• JAMB 2016

In the transportation industry, dead freight is used to describe the

A. Cost paid for an empty space left in the ship
B. Charge for each day a performance was delayed
C. Persons that hire a ship for a specific purpose
D. Cost of shipping a particular cargo for a specific voyage