Jamb Commerce Past Questions and Answers

Question 1216:

• JAMB 2016

Which of the following is the best method for computing working capital

A. Total assets less current liabilities
B. Current liabilities less current assets
C. Fixed liabilities less current assets
D. Current assets less current liabilities

Question 1217:

• JAMB 2016

One of the functions of the Nigerian Ports Authority is that it

A. Gives preferential treatment to Nigerian investors
B. Provides credit facilities to importers
C. Encourages the growth of infant industries
D. Provides warehosing facilities at the docks

Question 1218:

• JAMB 2016

An ancillary to trade which promotes socio - cultural development all over the world is

A. Transportation
B. Communication
C. Tourism
D. Insurance

Question 1219:

• JAMB 2016

An association that acts as a watchdog between enterpreneurs and government to protect trade from any unfavourable laws is said to be a

A. Cartel
B. Syndicate
C. Chamber of Commerce
D. Nigeria Bar Association

Question 1220:

• JAMB 2016

Labour as an input in production can be motivated by

A. Training
B. Profit
C. Remuneration
D. Promotion