Commerce 2018 Jamb Examination
Question 81
A pro forma invoice is sent to inform a buyer about the?
A pro forma invoice is essentially a preliminary bill of sale, sent to a buyer before the actual sale is confirmed. It outlines the terms of the transaction, including the price of the goods, quantity, shipping details, and estimated total cost. The buyer reviews and agrees to the terms before the goods are shipped.
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Question 82
Warehousing adds utility by making goods available when and where needed. Correct option is B.
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Question 83
The CPU uses RAM as a temporary working area for instructions and data. Correct option is D.
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Question 84
One of the obstacles to achieving the objectives of ECOWAS is?
While all the options listed can pose challenges to ECOWAS, language differences create significant barriers to communication and collaboration among member states. This hinders the implementation of regional policies, economic integration, and cooperation across the diverse nations within ECOWAS.
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Question 85
The Standard Organisation of Nigeria sets and enforces quality specifications. Correct option is A.
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Question 86
A group of companies consists of a holding company and its subsidiaries. Correct option is A.
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Question 87
In communication, the message is transmitted to the receiver. Correct option is B.
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Question 88
The operating system consists of system software. Correct option is A.
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Question 89
Given
| N | |
| sales | 15,000 |
| opening stock | 5,600 |
| purchase | 9,700 |
| closing stock | 4,400 |
| gross profit | 4,500 |
| net profit | 2,000 |
what is the rate of turnover from the table?
Rate of turnover = Cost of goods sold / Average stock.
COGS = Opening Stock + Purchases - Closing Stock
= 5,600 + 9,700 - 4,400 = 10,900. Average stock
= (5,600 + 4,400)/2 = 5,000.
Turnover = 10,900 / 5,000 = 2.18 times.
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Question 90
Consumer and industrial markets differ primarily by the type of demand. Correct option is A.