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Commerce Past Questions and Answers

Commerce Questions

Question 3681:
JAMB 2021
The instruments of credit include
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  • A Billboards and postal stamps
  • B Payment vouchers and statement of account
  • C Bills of exchange and salary voucher
  • D Bills of exchange and promissory notes
View Answer & Explanation
Question 3682:
JAMB 2021
The principle of span of control stipulates that?
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  • A The number of employees reporting to one superior should be kept to a workable maximum
  • B An employee should report to only one superior
  • C Managers must demand accountability from their subordinates
  • D Resources have to be economized within the various divisions
View Answer & Explanation
Question 3683:
JAMB 2021
The main advantage of a sole trader is the freedom to?
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  • A Employ anyone he likes
  • B Take quick decision
  • C Seek advise from any source
  • D Plough all the profits
View Answer & Explanation
Question 3684:
JAMB 2021
The major objective of corporate mergers is to?
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  • A Minimize the effect of taxation
  • B Increase financial advantage
  • C Enhance economies of sale
  • D Facilitate profit maximization
View Answer & Explanation
Question 3685:
JAMB 2021
A provision in the charter of a company which gives holders of common stock the first option to purchase additional issues of the firm's common stock is the
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  • A Pre-emptive right
  • B Over-subscription right
  • C Ex-dividend right
  • D Shareholders right
View Answer & Explanation

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