Jamb Commerce Past Questions and Answers

Question 1176:

• JAMB 2015

The document issued to a port authority when a good are deposited is a

A. Dock warrant
B. Dock landing account
C. Ball of sight
D. Bill of landing note

Question 1177:

• JAMB 2015

The business environment that takes into cognizance the age distribution ethnic mix and educational level of the consumer is

A. Natural Environment
B. Cultural environment
C. Economic environment
D. Demographic Environment

Question 1178:

• JAMB 2015

The term 4 net 7 on an invoice means that

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

Question 1179:

• JAMB 2015

Musa obtains wool from his sheep, spins and transform it into cloth which he sells to consumers, this is a form of

A. Vertical integration
B. Horizontal integration
C. Forward Integration
D. Background integration

Question 1180:

• JAMB 2015

The principle of subrogation stated that

A. An insured person should be indemnified to the time of the amount insured
B. An insurance company constant in lace of the insured in dealing with third party.
C. Only a person who is likely to suffer loss hold take out an insurance cover
D. There must be accuse connection between the actual loss suffered and risk insure