Commerce 2010 Jamb Examination
Question 21
Registered mail ensures that posted items are securely handled and delivered to the named address with proof of delivery.
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Question 22
Hull insurance specifically covers physical damage to the body of a ship.
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Question 23
A broker is an agent who introduces buyers and sellers to one another, facilitating business transactions.
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Question 24
The growth of tourism in Nigeria is hindered mainly by the inadequacy of well-developed tourist centres.
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Question 25
A public warehouse is owned and operated by government for use by the general public.
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Question 26
Unlike companies, partnerships lack corporate existence; they are not legally distinct from their owners.
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Question 27
A cartel is an agreement among independent firms to control supply, fix prices, or share markets by quota.
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Question 28
Capital = issued shares × nominal value = 36,000 × 1.50 = N54,000.
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Question 29
NACCIMA provides services such as disseminating tariff and trade information to its members.
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Question 30
Relative scarcity ensures money maintains its value by preventing oversupply that causes inflation.
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