JAMB Commerce Past Questions & Answers - Page 172

856.

A wholesaler who possesses the title of goods he sells is known as?

A.

a merchant wholesaler

B.

a multiple wholesaler

C.

a general wholesaler

D.

an agent wholesaler

Correct answer is A

No explanation has been provided for this answer.

857.

The organizational structure that relates the positions of specialist to the line mangers is called?

A.

line structure

B.

staff structure

C.

line and staff structure

D.

functional structure

Correct answer is B

No explanation has been provided for this answer.

858.

Given: i. Retail ii. Export iii Transport iv. Import V. Insurance Vi. Banking and finance Vii. Wholesale Viii Communication.

Which of the above is aid to trade?

A.

i, ii, iii and Viii

B.

iii, V, Vi and Viii

C.

i, ii, iii and Vi

D.

ii, V,Vi, and Vii

Correct answer is B

No explanation has been provided for this answer.

859.

The document issued by the seller which gives detail of the goods he sells is known as?

A.

catalogue

B.

tender

C.

price list

D.

invoice

Correct answer is D

No explanation has been provided for this answer.

860.

A bill of exchange already accepted can be discounted by the holder in?

A.

the central bank

B.

at least two banks

C.

his bank

D.

any bank

Correct answer is D

No explanation has been provided for this answer.