Commerce 2019 Jamb Examination
Question 61
Monotony is a disadvantage of division of labour, not a merit.
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Question 62
Planning involves setting objectives and determining the best strategies to achieve them.
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Question 63
Staffing is concerned with recruiting, training, and retaining qualified personnel.
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Question 64
A shipping conference is an agreement among shipping lines to regulate terms of carriage.
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Question 65
A chamber of commerce represents businesses across multiple industries, unlike trade associations which are limited to one trade.
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Question 66
An invoice is a key document used in international trade to state goods supplied and payment details.
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Question 67
A trade fair promotes trade; it is not a barrier.
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Question 68
Jobber's profit is the difference between the price a jobber buys and sells shares.
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Question 69
A bear market occurs when there is a prolonged fall in share prices, known as a slump.
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Question 70
Use the following information to answer this question.
Oladosu Bookshop
54, Ahmadu Bello Way
Kaduna
P.O.BOOX 336
6 January 1989
Olu Stationery ltd
17, Kakawa Street
Lagos
Dear Sir,
We require 200 pieces of 0.8mm fountain pens and 1000 pieces of plain single line 21cm × 18cm exercise books.
Please give us quotes for the respective articles for immediate delivery and a statement of your terms of trade.
Yours Faithfully
Manager.
The above represents?
The letter shown is a request for information about goods and terms of trade, which is a letter of inquiry.
