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Commerce Past Questions and Answers

Jamb Commerce Questions

Question 11:
A document which serves as an order with details of goods required by an intending purchaser is
  • A A freight note
  • B An indent
  • C A bill of landing
  • D A way bill
View Answer & Explanation
Question 12:
If a customer pays within nine days of receiving goods and takes advantage of 3% off the invoice price, this is stated as
  • A 3/9;net 30
  • B 9/27;net 30
  • C 30;net 9/3
  • D 9/30;net 3
View Answer & Explanation
Question 13:
Which of the following is a characteristic of a bearer cheque
  • A It is made with transverse lines
  • B It is made payable to whoever presents it
  • C It is made without transverse lines
  • D It is only payable into the payees account
View Answer & Explanation
Question 14:
A bill of exchange paid before its due date at an amount less than its face value is said to have been
  • A Accepted
  • B Rejected
  • C Discounted
  • D Dishonoured
View Answer & Explanation
Question 15:
The most effective type of advertising for branded products is
  • A Mass advertising
  • B Persuasive advertising
  • C Informative advertising
  • D Competitive advertising
View Answer & Explanation