Search SchoolNGR

Commerce Past Questions and Answers

Jamb Commerce Questions

Question 16:

An agency contract must involve

SchoolNGR Classroom

A A principal and a consumer
B A principal and an agent
C A principal and a producer
D A principal and a third party

View Answer & Explanation

Question 17:

Inbound tourism occurs when ____________

SchoolNGR Classroom

A Residents of a country travel within it
B Non-residents of a country travel to other countries
C Residents of a country travel to other countries
D Non-residents of a country travel within it

View Answer & Explanation

Question 18:

When two or more companies agree to execute a project too large for one to handle, this is referred to as ____________

SchoolNGR Classroom

A An amalgamation
B A cartel
C A consortium
D A merger

View Answer & Explanation

Question 19:

The main objective of a trade association is to ____________

SchoolNGR Classroom

A Protect its members against litigation
B Protect its members against victimization
C Boost the trade of its members
D Secure credit for its members

View Answer & Explanation

Question 20:

The major determinant of fire insurance premium is the ____________

SchoolNGR Classroom

A Usefulness of the property to the owner
B Type and structure of the property to be insured
C Owner of the property to be insured
D Extent of fire damage anticipated

View Answer & Explanation

Stay Updated

Follow us on:

Subjects