Jamb Commerce Past Questions and Answers

Question 1491:

• JAMB 2021

A provision in the charter of a company which gives holders of common stock the first option to purchase additional issues of the firm's common stock is the

A. Pre-emptive right
B. Over-subscription right
C. Ex-dividend right
D. Shareholders right

Question 1492:

• JAMB 2021

The conversion of raw materials into finished products creates

A. Form utility
B. Time utility
C. Marginal utility
D. Place utility

Question 1493:

• JAMB 2022

One advantage of small scale retail outlets is

A. Availability of self service facilities
B. Ability to buy in bulk
C. Easy acess to large amount of capital
D. Personal attention to customers

Question 1494:

• JAMB 2022

A discount deducted from the invoice price of goods to enable the retailer to make profit

A. Cash discount
B. Functional discount
C. Trade discount
D. Seasonal discount

Question 1495:

• JAMB 2022

A document issued by the seller's own courier and signed by the customer to acknowledge receipt of the goods is

A. Advice note
B. Consignment note
C. Delivery note
D. Freight note