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Commerce Past Questions and Answers

Jamb Commerce Questions

Question 31:
Given:
opening stock #1,800
purchases #2,800
sales #8,000
closing stock # 350
carriage on sales # 500
calculate the value of the unused stock.
  • A #800
  • B #500
  • C #350
  • D #320
View Answer & Explanation
Question 32:
The main objective of a trade association is to
  • A Protect its members against litigation
  • B Boost the trade of its members
  • C Secure credit for its members
  • D Protect its members against victimization
View Answer & Explanation
Question 33:
The promotion and protection of trade industry and agriculture through trade fairs is a function of
  • A NACRDB
  • B NACCIMA
  • C The consumer protection council
  • D The chamber of commerce
View Answer & Explanation
Question 34:
Securities that entitle the investor to coupon rates are
  • A Bonds
  • B Equities
  • C Warrants
  • D Treasury bills
View Answer & Explanation
Question 35:
Under what management function will the motivation of employees fall
  • A Staffing
  • B Controlling
  • C Organizing
  • D Directing
View Answer & Explanation