Jamb Commerce Past Questions and Answers

Question 1106:

• JAMB 2014

The deliberate effort geared towards discarding some cargoes in order to lighten the vessel is

A. Caveat emptor
B. Uberrimae fidei
C. Demurrage
D. Jettison

Question 1107:

• JAMB 2014

The major aim of establishing a public corporation is to

A. Establish a monopoly
B. Provide essential services
C. Provide employment opportunities
D. Encourage specialization

Question 1108:

• JAMB 2014

The coming together of a manufacturing business with a firm that markets its products is

A. Backward integration
B. A consortium
C. Forward integration
D. A syndicate

Question 1109:

• JAMB 2014

An association of voluntary organizations that work together for a common aim while retaining their independence is a

A. Syndicate
B. Merger
C. Cartel
D. Consortium

Question 1110:

• JAMB 2014

The document that explains the types of shares available for sale to the public is

A. A prospectus
B. An invoice
C. An open indent
D. A closed indent