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Commerce Past Questions and Answers

Jamb Commerce Questions

Question 31:
An action taken by a company outside its object clause is regarded as?
  • A Ultra vires
  • B A trespass
  • C Uberrima fides
  • D Caveat emptor
View Answer & Explanation
Question 32:
The strategy adopted by a firm that ceases to operate at one or more locations because of inactivity is?
  • A Rejuvenation
  • B Focus
  • C Diversification
  • D Consolidation
View Answer & Explanation
Question 33:
A written partnership contract is known as?
  • A An invoice
  • B A deed
  • C A prospectus
  • D A proposal
View Answer & Explanation
Question 34:
A group of assets which a business acquires with the intention of reselling them are referred to as?
  • A Current assets
  • B Investment assets
  • C Fixed assets
  • D Intangible assets
View Answer & Explanation
Question 35:
The merger of a textile mill, a cement company and a tannery is referred to as?
  • A Conglomerate merger
  • B Horizontal merger
  • C Lateral merger
  • D Vertiical merger
View Answer & Explanation