Commerce 2005 Jamb Examination

A floating policy is a type of marine insurance that covers goods or cargo which may be moved from one vessel, vehicle, or location to another during the period of insurance. It "floats" with the movement of the insured goods, 

The main purpose of insurance is risk protection. It provides financial security against unexpected events or losses. While other options may be benefits, the most important function is protection against risks.

The keyboard is an input device, as it allows the user to input data and commands into the computer system. 

The Lake Chad Basin Commission was established in 1964 to promote regional cooperation and development among countries sharing the Lake Chad Basin. 

A major disadvantage of privatization is that the government relinquishes control of key sectors of the economy. This could limit its ability to regulate strategic industries and influence economic policy. 

The most important right of an employee is to receive a regular emolument (salary or wages) in exchange for services rendered, as it ensures the employee can sustain a livelihood while fulfilling duties.

Air pollution is considered the most dangerous because pollutants in the air can be inhaled, affecting respiratory health, causing diseases, and contributing to environmental issues such as acid rain and climate change.

Consumer protection laws aim to ensure that consumers receive maximum satisfaction from goods and services by safeguarding quality, preventing exploitation, and providing remedies for defective products or unfair practices.

The amount of compensation an insured receives depends on the risk suffered. Insurance indemnifies the insured for the actual loss or damage covered under the policy, not necessarily the premium or general economic conditions.

A digital computer operates on discrete numerical values (digits) and performs calculations using binary or decimal number systems. This contrasts with analogue computers, which work with continuous data.