Jamb Commerce 2018 Past Questions and Answers

Question 1:

• JAMB 2018

The act of selling in a foreign market at a price lower than the cost price is called

A. Dumping
B. Hedging
C. Fair trading
D. Under sale

Question 2:

• JAMB 2018

The act of selling in a foreign market at a price lower than the cost price is called

A. Dumping
B. Hedging
C. Fair trading
D. Under sale

Question 3:

• JAMB 2018

Current account holders withdraw money through

A. Credit card
B. Cheque
C. Transfer
D. Withdrawal form

Question 4:

• JAMB 2018

One of the major problems of a sole proprietor is sourcing for

A. Funds
B. Labour
C. Raw materials
D. Machineries

Question 5:

• JAMB 2018

Which of the following is a verbal means of communication

A. Telephone
B. Express mail
C. Business reply services
D. Telex