Purchase and Sale of Goods - Jamb Commerce Past Questions and Answers

Question 11:

• JAMB 1994

Which of the following items has the shortest effect on the consumer

A. Fashion
B. Innovation
C. Fad
D. Attribute

Question 12:

• JAMB 1997

A close indent is an instrument to an agent to

A. Order goods from a particular manufacturer
B. Order goods from any manufacturer
C. Sell gods to any firm
D. Sell goods to a certain firm

Question 13:

• JAMB 1997

The basic distinction between cash discount and trade discount is that while trade discount is

A. For a period of 30 days, cash discount is for a period of 3 months
B. Given by a wholesaler, cash discount is given by a bank
C. A reduction in the catalogue pirce f an article, cash dis count is a reduction in the invoice value
D. A reduction in the value of sales, cash discount is a reduction in price of goods

Question 14:

• JAMB 1997

When old customers stick to the old place to buy goods and services,it is known as

A. Goodwil
B. Personal factor
C. Window shopping
D. Patronage

Question 15:

• JAMB 1998

The document with which a manufacturing enterprises releases stock
Of raw materials to the factory for product is called?

A. Stock releases form
B. Goods received note
C. Stock issues voucher
D. Materials release note