Jamb Commerce Past Questions and Answers

Question 621:

• JAMB 2004

Fluctuations in the supply of goods may be eliminated if the distribution system maintains?

A. Modern technology
B. A team of retailers
C. Warehouse services
D. Sufficient middlemen

Question 622:

• JAMB 2004

Loan schemes by thrift societies are?

A. Mortage schemes
B. Conventional schemes
C. Mutual schemes
D. Unconventional schemes

Question 623:

• JAMB 2004

An internal demand for goods to be purchased or drawn from stock is?

A. A quoation
B. A requisition
C. A tender
D. An order

Question 624:

• JAMB 2004

The term 4 net 7 on an invoice means that?

A. 4% surcharge will be made unless payment iss made within seven days
B. 4% discount will be allowed on the price charged only if the goods are bought within seven days
C. 4% discount will be allowed on the price charged only if payment is made after seven days
D. 4% discount will be allowed on the price charge if payment is made within seven days

Question 625:

• JAMB 2004

An order sent by an importer to an overseas supplier stating the details of goods required is known as?

A. Export invoice
B. Ship's manifest
C. An indent
D. Bill of lading