JAMB Commerce Past Questions & Answers - Page 36

176.

A document that serves as an instument for perferential tariff is referred to as

A.

an indent

B.

a certificate of origin

C.

a consular invoice

D.

an advice note

Correct answer is B

No explanation has been provided for this answer.

177.

The buying and selling of goods and services is referred to as

A.

trading

B.

marketing

C.

insurance

D.

advertising

Correct answer is A

Trade is a basic economic concept involving the buying and selling of goods and services, with compensation paid by a buyer to a seller, or the exchange of goods or services between parties.

178.

One of the duties of the employer to his employee is to

A.

delegate his duties to others staff

B.

charge the employee on the use of equipment

C.

serve faithfully and honestly

D.

provide job security

Correct answer is D

No explanation has been provided for this answer.

179.

The act of interpreting ideas within an organization is

A.

motivating

B.

organizing

C.

planning

D.

communicating

Correct answer is D

No explanation has been provided for this answer.

180.

The component of balance of payments which shows how the balance of both current and capital accounts are settled is know as

A.

current account

B.

monetary movement account

C.

capital account

D.

social-welfare account

Correct answer is B

No explanation has been provided for this answer.