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Question 1 of 10
A business organization that exploits the capabilities of a member to remedy the weakness of another is a
JAMB Commerce Past Questions - Set 8
10 QuestionsMultiple ChoiceFree Practice
About this quiz
This JAMB Commerce Past Questions - Set 8 quiz contains 10 multiple choice questions designed to help you revise and test your Commerce knowledge. Select an answer for each question and click “Submit Answer” to see instant feedback. Take your time and try to score as high as possible!
Description
Practice with real JAMB Commerce past questions. Test your knowledge of trade, business, banking, and insurance for UTME preparation. Set 8 covers questions from JAMB exams (2023).
Progress0 / 10 answered
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Question 2 of 10
The government agency involved in issuing of export licences is
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Question 3 of 10
Insurance against burglary is an example of
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Question 4 of 10
The concept that refers to the sale, transfer or exchange of goods and services is
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Question 5 of 10
At the collapse of a business enterprises, the person appointed to dispose off the assets is called
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Question 6 of 10
An announcement of a person's willingness to enter into a contract is referred to as
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Question 7 of 10
An example of a cartel is
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Question 8 of 10
₦ ₦ Stock 1/1 20,000 Net Sales 370,000 Add purchases 250,000 Cost of goods available for sale 270,000 Less stock 31/12 40,000 Cost of goods sold 230,000 Rent expenses 35,000 Find the gross profit
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Question 9 of 10
₦ ₦ Stock 1/1 20,000 Net sales 370,000 Add purchases 250,000 Cost of goods available for sale 270,000 Less stock 31/12 40,000 Cost of goods sold 230,000 Rent expenses 35,000 Calculate the net profit
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Question 10 of 10
The function of commerce in relation to production is