Commerce 2016 Jamb Examination
Question 1
Demurrage charges are fees payable when cargo is not loaded or unloaded within the agreed time frame at the port. Correct option is A.
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Question 2
Concentration segmentation involves focusing marketing efforts on a single target market using a specific marketing mix. Correct option is A.
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Question 3
Inflation erodes the purchasing power of money, primarily affecting its function as a store of value. Correct option is A.
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Question 4
Ordinary warehouses are typically owned and used by wholesalers to store goods before distribution. Correct option is D.
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Question 5
When shareholders pass a resolution to dissolve a firm, it is referred to as voluntary liquidation. Correct option is A.
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Question 6
RAM (Random Access Memory) is used for temporary storage of data while the computer is running. Correct option is A.
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Question 7
The Second-Tier Securities Market provides smaller companies access to capital, creating avenues for investment. Correct option is A.
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Question 8
Lumbering trees involves extraction of natural resources, which is primary production. Correct option is A.
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Question 9
Auxiliary trade refers to services that support commerce; these are part of commercial occupations. Correct option is D.
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Question 10
Transforming raw cotton into cloth is a manufacturing process, which is secondary production. Correct option is A.
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This question is based on J.P Clark's The Wives' Revolt
The 'Proclamation' and 'Reclamation' segments of the play are performed
These question is based on Literary Appreciation.
Will no one tell me what she sings
Perhaps the plaintive numbers flow
For old, unhappy, far off things
And battles long ago.
Or is it some more humble lay,
Familiar matter of today?
The lines above end in a literary device known as