Jamb Commerce 2022 Past Questions and Answers

Question 71:

• JAMB 2022

Which of the following is not a function of a consumer association?

A. Ensuring that consumers buy quality goods
B. Educating consumers on their rights
C. Penalizing importers of fake goods
D. Ensuring that fair prices are charged

Question 72:

• JAMB 2022

An association formed by computer distributors to safeguard and promote their interest is a

A. Chamber of commerce
B. Cooperative society
C. Trade association
D. Trade union

Question 73:

• JAMB 2022

The issue of prospectus by a company is an invitation to members of the public to

A. Subscribe to the company's shares
B. Attend the company's Annual general Meeting
C. Buy the company's products
D. Attend the company's board meeting

Question 74:

• JAMB 2022

Examples of current assets are

A. Cash and trade debtors
B. Cash and trade creditors
C. Trade debtors, trade creditors and cash
D. Trade creditors and trade debtors

Question 75:

• JAMB 2022

When the cost of sales is divided by the average stock, the result is

A. Gross profit
B. Net profit
C. Rate of turnover
D. Working capital