Jamb Commerce Past Questions and Answers

Question 221:

• JAMB 1995

Factoring is a trade debt term used when the agent buys all the trade debts of the

A. Importers
B. Exporters
C. Nation
D. Customers

Question 222:

• JAMB 1995

The financial index which compares current assets directly with current liabilities is known as current

A. Turnover
B. Capital
C. Ratio
D. Balance

Question 223:

• JAMB 1995

Rights issue means the

A. Issue of shares to the directors of a company on favourable terms
B. Issue of shares by a company only to the founders of the company
C. Right of shareholders to vote on any issue
D. Issue of shares to shareholders on favourable terms

Question 224:

• JAMB 1995

Rights issue means the

A. Issue of shares to the directors of a company on favourable terms
B. Issue of shares by a company only to the founders of the company
C. Right of shareholders to vote on any issue
D. Issue of shares to shareholders on favourable terms

Question 225:

• JAMB 1995

Profit that is expressed as a percentage of the cost of goods sold is referred to as

A. Margin
B. Mark-up
C. Gain percent
D. Gross profit