JAMB Past Questions and Answers - Page 42

206.

Use the information above to answer questions

Find the current ratio

A.

1.53:1

B.

1, 85:1

C.

0. 87: 1

D.

0, 50:1

Correct answer is B

No explanation has been provided for this answer.

207.

Use the information above to answer questions

What is the owners' equity?

A.

N 250 000

B.

N 300 000

C.

N 420 000

D.

N 200 000

Correct answer is A

No explanation has been provided for this answer.

208.

The organizational structure above represents

A.

line and functional structure

B.

line and staff structure

C.

functional structure

D.

line structure

Correct answer is B

No explanation has been provided for this answer.

209.

All the following are principles of insurance EXCEPT

A.

indemnity

B.

insurable interest

C.

particular average

D.

subrogation

E.

utmost good faith

Correct answer is C

7 Principles of Insurance

  1. Utmost Good Faith
  2. Insurable Interest
  3. Proximate Cause
  4. Indemnity
  5. Subrogation
  6. Contribution
  7. Loss Minimization

210.

Nigerian Postal Services (NIPOST) facilitates commerce in all the following ways except through

A.

cash on delivery service

B.

recorded delivery service

C.

express service

D.

free on board service

Correct answer is D

No explanation has been provided for this answer.