Problems of sourcing finance - Jamb Commerce Past Questions and Answers

Question 1:

• JAMB 1994

Commerce is defined as the study of how

A. Man utilizes the resources in his physical environment
B. Man produces, distributes and consumes his goods and services
C. Man buys, sells and distributes goods and services
D. Raw materials are changed into finished goods

Question 2:

• JAMB 2018

i. personal savings. ii. retained earnings iii. accrued taxes. Which of the items constitute internal sources of financing for companies?

A. I and ii
B. I and iii
C. Ii and iii
D. I, ii and iii