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Commerce Past Questions and Answers

Jamb Commerce Questions

Question 21:
The distribution of petroleum products in Nigeria is through
  • A Rail
  • B Road
  • C Sea
  • D Air
View Answer & Explanation
Question 22:
The deliberate effort geared towards discarding some cargoes in order to lighten the vessel is
  • A Caveat emptor
  • B Uberrimae fidei
  • C Demurrage
  • D Jettison
View Answer & Explanation
Question 23:
The major aim of establishing a public corporation is to
  • A Establish a monopoly
  • B Provide essential services
  • C Provide employment opportunities
  • D Encourage specialization
View Answer & Explanation
Question 24:
The coming together of a manufacturing business with a firm that markets its products is
  • A Backward integration
  • B A consortium
  • C Forward integration
  • D A syndicate
View Answer & Explanation
Question 25:
An association of voluntary organizations that work together for a common aim while retaining their independence is a
  • A Syndicate
  • B Merger
  • C Cartel
  • D Consortium
View Answer & Explanation