Jamb Commerce 2023 Past Questions and Answers

Question 26:

• JAMB 2023

The scope is limited to

A. Home and foreign trade
B. Trade and aids-to-trade
C. Wholesale and retail trade
D. Wholesale and entreport trade

Question 27:

• JAMB 2023

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

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

Question 28:

• JAMB 2023

The board of directors of public enterprise is appointed by who?

A. Government
B. Management
C. Employees
D. Shareholders

Question 29:

• JAMB 2023

Good and services transferred from seller to buyer without immediate payment is referred to as

A. Leasing
B. Hire purchase
C. Credit sale
D. Mutual understanding

Question 30:

• JAMB 2023

A demonstration of social responsibility by a business is the payment of

A. Interests on loans
B. Taxes to government
C. Dividends to shareholders
D. Premium on insurance