Commerce 2016 Jamb Examination
Question 11
The central idea or message the advertiser wants to communicate is called the theme. Correct option is B.
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Question 12
A truck wholesaler sells, delivers, and collects payment in one operation. Correct option is D.
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Question 13
Given \( \dfrac{\text{index of export price}}{\text{index of import price}} × \dfrac{100}{1}\), the formula above can be used to determine the
This formula calculates the terms of trade, which shows the ratio of export prices to import prices. Correct option is C.
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Question 14
Commission on turnover is a benefit paid to the payee who receives the commission. Correct option is D.
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Question 15
Avast is software designed to detect and prevent viruses on a computer, making it an antivirus. Correct option is C.
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Question 16
The monetary movement account shows how balances of current and capital accounts are settled. Correct option is B.
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Question 17
Communicating involves interpreting and conveying ideas within an organization. Correct option is D.
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Question 18
Employers have a duty to provide job security to their employees. Correct option is D.
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Question 19
The act of buying and selling goods and services is called trading. Correct option is A.
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Question 20
A certificate of origin is used to qualify for preferential tariffs. Correct option is B.