Jamb 2007 Commerce Past Questions And Answers
1
The internet is a system of telecommunications used for?
- A. communicating long-distance messages
- B. Spending and recieving text messages
- C. sending electronic messages
- D. communicating messages through telegrams
2
A major benefit a debtor can derive from using a credit facility is?
- A. better service
- B. goodwill
- C. convenience
- D. control
3
A written agreement for hiring a ship for transporting goods is a?
- A. consular invoice
- B. bill of lading
- C. charter party
- D. certificate of origin
4
A share premium is an example of?
- A. issued capital
- B. capital stock
- C. equity capital
- D. capital reserve
5
An announcement of a person's willingness to enter into a contract is referred to as?
- A. a proxy
- B. an offer
- C. a consideration
- D. an acceptance
6
The major function of a trade association is that it?
- A. liases with foreign trade associations
- B. helps to promotes foreign trade
- C. facilitates members' access to credit facilities
- D. helps to promote research on behalf of members
7
The business environment that takes into cognizance the age distribution, ethnic mix and educational level of the consumer is?
- A. demographic evironment
- B. economic evironment
- C. cultural environment
- D. natural environment
8
Which of the following requires payment into the payee's account?
- A. Crossed cheque
- B. Traveller's cheque
- C. Open cheque
- D. Certified chegues
9
The World Tourism Organization has its headquarters in?
- A. New York
- B. Paris
- C. Madrid
- D. London
10
The function of money that facilitates the comparison of the quality of goods as a basis of exchange is the?
- A. unit of account
- B. measure of value
- C. store of value
- D. medium of exchange