Commerce 2024 Jamb Examination
Question 71
A tramp ship operates without a fixed schedule and picks up cargo wherever available.
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Question 72
The decree encouraged greater participation of Nigerians in ownership and management of businesses, i.e., indigenization policy.
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Question 73
Ordinary shareholders are paid last after all creditors and preference shareholders have been settled.
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Question 74
Gross profit is calculated as sales revenue minus the cost of goods sold (COGS).
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Question 75
Pipelines are efficient and safe for transporting petroleum products over long distances.
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Question 76
A dealer who buys securities at low prices in anticipation of reselling them at higher prices is called a
A term used to describe an investor who believes the market will rise and buys securities with the expectation of selling them later at a profit.
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Question 77
"Caveat emptor" is a legal principle meaning the buyer must take care and responsibility when purchasing goods.
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Question 78
Life insurance is not based on indemnity; it pays a predetermined sum upon death or maturity.
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Question 79
An ordinary partnership involves joint management and unlimited liability for all partners.
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Question 80
A del-credere agent guarantees payment by the customer to the principal and is responsible for non-payment.
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