Commerce 2014 Jamb Examination

Commerce 2014 Jamb Examination
Available Sections
2. Career
4. Job
12345

Question 21

The deliberate effort geared towards discarding some cargoes in order to lighten the vessel is
Show explanation Expand Question

Jettison is the deliberate act of throwing cargo overboard to lighten a ship in distress.

Not clear enough?

Question 22

The major aim of establishing a public corporation is to
Show explanation Expand Question

Public corporations are established primarily to provide essential services to the public.

Not clear enough?

Question 23

The coming together of a manufacturing business with a firm that markets its products is
Show explanation Expand Question

Forward integration occurs when a manufacturer merges with a distributor or retailer of its products.

Not clear enough?

Question 24

An association of voluntary organizations that work together for a common aim while retaining their independence is a
Show explanation Expand Question

A consortium is a group of independent organizations working together while retaining autonomy.

Not clear enough?

Question 25

The document that explains the types of shares available for sale to the public is
Show explanation Expand Question

A prospectus is a formal document describing the types of shares and inviting public subscription.

Not clear enough?

Question 26

Which of the following attracts only interest but leaves the capital unpaid
Show explanation Expand Question

An irredeemable bond pays interest indefinitely without repaying the principal.

Not clear enough?

Question 27

A loan to a customer with a cheque account at a bank in which the account is allowed to go into debit is
Show explanation Expand Question

An overdraft allows a bank customer to withdraw beyond their balance up to an agreed limit.

Not clear enough?

Question 28

Part payments made on allotted shares by subscribers is usually the
Show explanation Expand Question

Called-up capital refers to the portion of subscribed shares that shareholders are required to pay.

Not clear enough?

Question 29

The net profit is the excess of gross profit and sources of income over all the expenses . This implies that net profit is
Show explanation Expand Question

Net profit is gross profit plus other income minus all expenses.

Not clear enough?

Question 30

A form of money with face value which is greater than the value of the metal content is
Show explanation Expand Question

Token money has a face value higher than its intrinsic metal value.

Not clear enough?

12345
In this page
Commerce 2014 Jamb Examination
Open Model!