Jamb Commerce Past Questions and Answers

Question 651:

• JAMB 2005

The development of a continer and a graphic design for a product is called?

A. Packaging
B. Promotion
C. Processing
D. Production

Question 652:

• JAMB 2005

A business firm that is involved in conveying goods or people is known as a?

A. Consignor
B. Commercial firm
C. Carrier
D. Transporter

Question 653:

• JAMB 2005

The factors essential for tourism are?

A. Accessibility, capital, amenties, accessibility and scenery
B. Goods weather, amenties, accessibility and scenery
C. Amenties, capital, accessibility and markets
D. Good weather, capital, schools and scenery

Question 654:

• JAMB 2005

In CIF contracts, risk passes at the time of shipment but the property does not pass until?

A. There is physical transfer of goods
B. The shipping manifest are signed
C. The shipping documents are transferred
D. The goods on board are delivered

Question 655:

• JAMB 2005

A partnership is dissolved when?

A. The business suffers a loss
B. There is bankruptcy
C. There is consistent theft
D. There is misunderstanding between partners