Jamb Commerce 2016 Past Questions and Answers

Question 26:

• JAMB 2016

When expenses on trading are deducted, the result is the

A. Rate of turn over
B. Net profit
C. Gross profit
D. Cost of goods sold

Question 27:

• JAMB 2016

A supplier of flour who intends to sign a contract with a baker through post can establish a binding agreement only

A. After the offeror has made an offer
B. When the offeror's letter has reached the offeree
C. When the offeree's letter has been posted
D. After the offeree's letter has been recieved by the offeror

Question 28:

• JAMB 2016

Which of the followingis a modern trend in retailing ?

A. Kiosk
B. Mobile shop
C. Vending machine
D. Tied shop

Question 29:

• JAMB 2016

Which of the following is a traditional medium of communication used to mark festivals?

A. Palm frond
B. Metal gong
C. Talking drum
D. Gum blast

Question 30:

• JAMB 2016

One of the functions of the retailer is

A. Granting credit facilities to close relatives
B. Provision of after - sales services
C. Branding and packaging of goods
D. Warehousing of goods