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

Question 21:

• JAMB 2000

The major factors that facilitate merchandising are

A. Commuincation , advertising and banking
B. Trading, warehousing and production
C. Management, insurance, and advertising
D. Banking, insurance and transportation

Question 22:

• JAMB 2000

An invoice can be described as a

A. Contractual agreement for the sale of goods
B. Document specifying quantity, description, prices and total value of purchase
C. Receipt containing necessary information about the goods
D. Letter specifying the contractual sales of goods between two parties

Question 23:

• JAMB 2001

A pro-forma invoice is sent to inform a buyer about the

A. Quantity of goods
B. Prices of goods
C. Designation of goods
D. Quality of goods

Question 24:

• JAMB 2001

The major procedures in the purchase and sale of goods are enquiry

A. Quotation, order and invoice
B. Placement, order and invoice
C. Bargin, order and invoice
D. Order, sale, and invoice

Question 25:

• JAMB 2001

A documentary bill will normally be accompanied by

A. . sales invoice, bill of lading and insurance certificate
B. Clean bill, bill of lading, and insurance certificate
C. Bill of lading, consular invoice, and insurance certificate
D. Consular invoice, FOB certificate and bill of lading