Procedure and documentation - Jamb Commerce Past Questions and Answers

Question 1:

• JAMB 1994

Commerce is defined as the study of how

A. Man utilizes the resources in his physical environment
B. Man produces, distributes and consumes his goods and services
C. Man buys, sells and distributes goods and services
D. Raw materials are changed into finished goods

Question 2:

• JAMB 1994

Which of the following statements is TRUE about sea transport?

A. All ships have specific routes to ply
B. All ships must be insured at every journey
C. All ships are insured separately from the crew
D. All ships normally arrive at their destination with goods

Question 3:

• JAMB 2019

A terms of payment in which the buyer pays cash immediately for goods bought before he takes them away is called____

A. Prompt cash
B. Cash on delivery
C. Spot cash
D. Cash with order

Question 4:

• JAMB 2019

Use the following information to answer this question.
Oladosu Bookshop
54, Ahmadu Bello Way
Kaduna
P.O.BOOX 336
6 January 1989
Olu Stationery ltd
17, Kakawa Street
Lagos


Dear Sir,
We require 200 pieces of 0.8mm fountain pens and 1000 pieces of plain single line 21cm à— 18cm exercise books.
Please give us quotes for the respective articles for immediate delivery and a statement of your terms of trade.


Yours Faithfully
Manager.
The above represents?

A. A quotation
B. Consignment notes
C. Letters of Inquiry
D. An order form

Question 5:

• JAMB 2019

Use the following information to answer this question.
Oladosu Bookshop
54, Ahmadu Bello Way
Kaduna
P.O.BOOX 336
6 January 1989
Olu Stationery ltd
17, Kakawa Street
Lagos


Dear Sir,
We require 200 pieces of 0.8mm fountain pens and 1000 pieces of plain single line 21cm à— 18cm exercise books.


Please give us quotes for the respective articles for immediate delivery and a statement of your terms of trade.


Yours Faithfully
Manager.


From the question above, the document the firm or organization will send to the buyer is

A. Delivery notes
B. Advice notes
C. An order form
D. Quotations