Jamb Commerce 2017 Past Questions and Answers

Question 26:

• JAMB 2017

A major function of trade association is to _______

A. Assist members to buy cars
B. Help individuals to set up small business
C. Establish a link among member
D. Foster cooperation among members

Question 27:

• JAMB 2017

A partnership is dissolved due to ________

A. Liquidity of the firm
B. Death of the employee
C. Insanity of a partner
D. Resignation of an employee

Question 28:

• JAMB 2017

Another name or term for a dishonoured cheque is ______

A. An order cheque
B. A bounced cheque
C. A bearer cheque
D. An open cheque

Question 29:

• JAMB 2017

An example of extractive occupation is ______

A. Mining
B. Teaching
C. Banking
D. Driving

Question 30:

• JAMB 2017

A major merit of the retaining middlemen is to _______

A. Pay cash to the bank: for manufacturers
B. Stock perishable goods
C. Regulate price for manufacturers
D. Stock goods produced by different manufacturer