JAMB CBT App
Study offline with EduNgr JAMB CBT app that has so many features, including thousands of past questions, JAMB syllabus, novels, etc.
Install App
1
Which of the following best describes commerce?
A Buying and selling goods and services
B Buying, selling and distribution and services
C Preserving goods until they are needed
D Making goods and services known to people
↪ Answer
Correct Option: B
We're working to add a detailed solution for this question
2
hose who are engaged in exploiting natural resources are in?
A extractive occupation
B constructive occupation
C commercial occupation
D manufacturing occupation
↪ Answer
Correct Option: A
We're working to add a detailed solution for this question
3
Which of the following classified under production?
A Cloth making
B Shoe mining
C Coal mining
D Road construction
↪ Answer
Correct Option: B
We're working to add a detailed solution for this question
4
The mark-up of a retailer represents the?
A gross profit
B opening stock
C closing stock
D net profit
↪ Answer
Correct Option: A
We're working to add a detailed solution for this question
5
The number of times the average stock of a business is sold within a given period is?
A turnover
B rate of turnover
C sales return
D current ratio
↪ Answer
Correct Option: B
We're working to add a detailed solution for this question
6
Branding is an aspect of marketing mix associated with?
A price
B product
C place
D distribution
↪ Answer
Correct Option: B
We're working to add a detailed solution for this question
7
Which of the following business must have at least one member with unlimited liability?
A Limited liability company
B Limited partnership
C Nominal partnership
D Public eneterprises
↪ Answer
Correct Option: B
We're working to add a detailed solution for this question
8
Which of the following is a feature of sole proprietorship?
A Issue of shares
B Limited liability
C Limited capital
D Legal entity
↪ Answer
Correct Option: C
We're working to add a detailed solution for this question
9
Which of the following is most appropriate for a "Cash with order" terms of sale?
A Proforma invoice
B Credit note
C Debit note
D Consignment note
↪ Answer
Correct Option: B
We're working to add a detailed solution for this question
10
Which of the following is used to advertise of a company?
A Memorandum of association
B Articles of association
C Certificate of incorporation
D Prospectus
↪ Answer
Correct Option: D
We're working to add a detailed solution for this question
JAMB CBT APP
EduNgr JAMB CBT app that has thousands of past questions and answers, JAMB syllabus, novels, etc. And works offline!
Install App