Commerce 2023 Jamb Examination
Question 1
Constraints on business operations come from external factors beyond the control of the business.
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Question 2
Backwardation is the payment made by a speculator to a buyer for failing to deliver stocks on time.
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Question 3
A shipping note is a document that lists goods being dispatched from one place to another.
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Question 4
A public liability company can have an unlimited number of shareholders.
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Question 5
Organizing involves dividing tasks, creating departments, and delegating authority.
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Question 6
A disadvantage of communication is that it can give room for distortion of fact.
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Question 7
The Securities and Exchange Commission (SEC) regulates and controls the activities in the Nigerian Stock Exchange.
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Question 8
When an agent sells perishable goods without authority due to urgency, he becomes an agent by necessity.
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Question 9
Government financial grants are not a usual source of funds to a public limited liability company.
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Question 10
A prospectus is the document that explains the types of shares available for sale to the public.
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