Jamb Commerce Past Questions and Answers

Question 1386:

• JAMB 2019

The risks that can be forecast and measured is termed___________

A. Gambling
B. Insurable risks
C. Non-Insurable risks
D. Indenmity Insurance

Question 1387:

• JAMB 2019

The type of insurance policy that is compulsory in International trade so that all goods passing through the sea must be covered is considered to be________

A. The type of insurance policy that is compulsory in International trade so that all goods passing through the sea must be covered is considered to be
B. Aviation Insurance
C. Marine Insurance
D. Life Assurance

Question 1388:

• JAMB 2019

Thee major aim of consumer orientation is_________

A. Consumer satisfaction
B. Consumer sovereignty
C. What to produce
D. Market research

Question 1389:

• JAMB 2019

The policy used when contracts are awarded as a result of tender is________

A. Market penetration
B. Market skimming
C. Bid Pricing
D. Product Line Pricing

Question 1390:

• JAMB 2019

One of these is not a major in the production process?

A. Producers
B. Distributors
C. Marketers
D. Consumers