Proforma invoice - 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 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 3:

• JAMB 2021

A proforma invoice is not required when ____________

A. Quoting for the supply of good
B. Dealing regularly with a customer
C. Goods are sent on approval
D. Final prices are uncertain