JAMB Commerce Past Questions & Answers - Page 150

746.

An order sent by an importer to an overseas supplier stating the details of goods required is known as?

A.

export invoice

B.

ship's manifest

C.

an indent

D.

bill of lading

Correct answer is C

No explanation has been provided for this answer.

747.

The term 4 net 7 on an invoice means that?

A.

4% surcharge will be made unless payment iss made within seven days

B.

4% discount will be allowed on the price charged only if the goods are bought within seven days

C.

4% discount will be allowed on the price charged only if payment is made after seven days

D.

4% discount will be allowed on the price charge if payment is made within seven days

Correct answer is D

No explanation has been provided for this answer.

748.

An internal demand for goods to be purchased or drawn from stock is?

A.

a quoation

B.

a requisition

C.

a tender

D.

an order

Correct answer is B

No explanation has been provided for this answer.

749.

Loan schemes by thrift societies are?

A.

mortage schemes

B.

conventional schemes

C.

mutual schemes

D.

unconventional schemes

Correct answer is C

No explanation has been provided for this answer.

750.

Fluctuations in the supply of goods may be eliminated if the distribution system maintains?

A.

modern technology

B.

a team of retailers

C.

warehouse services

D.

sufficient middlemen

Correct answer is A

No explanation has been provided for this answer.