Jamb Commerce 2022 Past Questions and Answers

Question 31:

• JAMB 2022

Which of the following organizations provide essential goods and services at low cost to citizens?

A. Thrift societies
B. Public enterprises
C. Private companies
D. Cooperative societies

Question 32:

• JAMB 2022

A group of sellers who pool their resources to buy goods in large quantities and sell to its members is a

A. Wholesaler cooperative society
B. Thrift and credit society
C. Consumer cooperative society
D. Chamber of commerce

Question 33:

• JAMB 2022

Average stock is derived by adding

A. Closing stock to purchase divided by 2
B. Closing stock to opening stock
C. Opening stock to closing stock divided by 2
D. Opening stock to purchases

Question 34:

• JAMB 2022

A retail business that sells goods by post, using catalogue is a

A. Chain store
B. Department store
C. Mail order firm
D. Shopping mail

Question 35:

• JAMB 2022

Which of the following documents would a shareholder inspect to know his voting rights?

A. Articles of Association
B. Certificate of Incorporation
C. Certificate of Trading
D. Memorandum of Association