Procedure and documentation - Jamb Commerce Past Questions and Answers

Question 26:

• JAMB 2008

A document sent by a seller to inform a buyer about the prices of goods is the?

A. Catalogue
B. Price list
C. Credit note
D. Proforma invoice

Question 27:

• JAMB 2008

When 'FOB' is written on a document, it implies that the buyer bears the?

A. Cost of goods and advert
B. Loading costs and insurance
C. Insurance and transport costs
D. Transport and communication costs

Question 28:

• JAMB 2009

The most commonly used commercial documents are?

A. Order notes, debit notes, invoices and quotations
B. Letters of enquiry, consignment notes, receipts and invoices
C. Credit notes, statement of accounts, depatch order and bills
D. Balance sheet, receipts, invoices and manifest

Question 29:

• JAMB 2011

A document that indicates obligation that is transferable by delivery and endorsement is a?

A. Bill of lading
B. Bill of exchange
C. Documentary evidence
D. Negotiable instrument

Question 30:

• JAMB 2011

The document which can be exchange for a bill of lading is?

A. Freight note
B. Mate receipt
C. Export invoice
D. Ship report