Commerce 2013 Jamb Examination
Question 1
Labour using mainly physical effort is considered unskilled labour.
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Question 2
Transforming raw materials into usable products is called manufacturing.
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Question 3
The last point in distribution before reaching the end user is retailing.
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Question 4
Unfavorable balance of trade occurs when visible imports exceed visible exports.
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Question 5
The trading position of a country is represented by its balance of trade.
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Question 6
Customs authorities primarily control the flow of goods entering and leaving the country.
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Question 7
A ship manifest lists the cargo and is lodged with customs before departure.
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Question 8
A consular invoice must be endorsed by the ambassador of the destination country before shipment.
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Question 9
Terms of trade improve when the value of exports increases relative to imports.
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Question 10
Print media advertising primarily targets literate audiences.
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