Jamb Commerce Past Questions and Answers

Question 1321:

• JAMB 2018

A disadvantage of personal selling is that it

A. Increase a company’s number of customers
B. Reduces a company area of patronage
C. Increases a company’s operating costs
D. Decreases a company’s operating costs

Question 1322:

• JAMB 2018

One of the principles of insurance is

A. Proximate cause
B. Fidelity guarantee
C. Consequential loss
D. Surrender value

Question 1323:

• JAMB 2018

When does the buyer in a hire purchase becomes the owner of the goods?

A. When all installments have been fully paid
B. After payment of the first installment
C. Before the payment of the first installment
D. When half of the purchased price has been paid

Question 1324:

• JAMB 2018

Why will a cheque be dishonored?

A. Regular signature
B. High amount of money written on the cheque
C. Insufficient funds
D. General crossing

Question 1325:

• JAMB 2018

The elements in marketing mix that ensures goods are available when and where needed is

A. Promotion
B. Price
C. Product
D. Place