Commerce 2013 Jamb Examination
Question 41
The hardware refers to the tangible physical components of a computer.
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Question 42
Database software is mainly used to manage information efficiently.
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Question 43
A password is required to authenticate and secure access to data.
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Question 44
Technology significantly influences efficiency, productivity, and competitiveness in business.
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Question 45
Air pollution is difficult to control due to its widespread and pervasive nature.
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Question 46
The hard disk is a computer accessory used to store and retrieve information.
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Question 47
Non-indemnity insurance provides full payment to the insured regardless of actual loss.
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Question 48
| Name | Insured Amount (₦) | Actual Value (₦) | Actual Loss (₦) |
|---|---|---|---|
| Mr. N | 25,000 | 100,000 | 30,000 |
| Mr. R | 30,000 | 120,000 | 40,000 |
| Mr. P | 40,000 | 150,000 | 50,000 |
If Mr. N takes a fire insurance policy with average clause, his compensation will be
Compensation under average clause = (Insured / Actual Value) × Loss = (25,000 / 100,000) × 30,000 = 7,500.
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Question 49
| Name | Insured Amount (₦) | Actual Value (₦) | Actual Loss (₦) |
|---|---|---|---|
| Mr. N | 25,000 | 100,000 | 30,000 |
| Mr. R | 30,000 | 120,000 | 40,000 |
| Mr. P | 40,000 | 150,000 | 50,000 |
What insurance principle has Mr P violated if he decides to overstate the actual value of his property?
Overstating property value violates the principle of uberrimae fidei (utmost good faith).
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Question 50
Hardware refers to the tangible, physical components of a computer system.
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