JAMB Commerce Past Questions & Answers - Page 16

Air transport is an aircraft design for transporting passengers and freight from one location to another in the air using airplanes, jets, rockets helicopters, and drones.

High Speed: It is the fastest means of transport

So, a bill of lading is a contract of carriage between a shipper and a carrier, outlining the details of a particular shipment. And a clean bill of lading indicates that the carrier received the goods in good condition, before they actually ship them

a clean bill of lading indicates that the carrier received the goods in good condition, before they actually ship them

The Ministry of commerce also provides Geological Services for Industrial and Commercial, Registration of Trade Groups and artisans and Export promotion.

The ministry of Commerce is in charge of registering trade associations

Functions of the department of Planning Research And Statistics in the Food and drug department include developing plans and budgets and monitoring their implementation, serving as Secretariat to the National Council on Health, conducting health research in collaboration with other departments and agencies, institutions and parastatals.

food and drugs department are those that have the power to order withdrawal of a particular food item from circulation

An overdraft occurs when money is withdrawn from a bank account and the available balance goes below zero. In this situation the account is said to be "overdrawn

Current liabilities are a company's debts or obligations that are due within one year or within a normal operating cycle, example is overdraft