Commerce 2016 Jamb Examination
Question 21
Funds for paying wages, salaries and raw materials are part of circulating capital since they are used in the day-to-day operations. Correct option is B.
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Question 22
A formal letter sent to a dealer to ask about items for sale is called an inquiry. Correct option is A.
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Question 23
Market skimming involves setting high prices to target wealthy consumers. Correct option is B.
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Question 24
Dead freight refers to the cost paid for unutilized space in a ship. Correct option is A.
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Question 25
Deducting expenses from trading revenue gives net profit. Correct option is B.
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Question 26
A contract made through post is binding when the acceptance is posted, not when received. Correct option is C.
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Question 27
Vending machines represent a modern retailing trend, using automation to sell products. Correct option is C.
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Question 28
Talking drums have historically been used in traditional festivals to communicate messages. Correct option is C.
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Question 29
Retailers often provide after-sales services to support customers. Correct option is B.
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Question 30
The number of skilled manpower directly affects production capacity. Correct option is D.
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