1994 JAMB UTME Commerce Past Questions

1994

What is the working capital as at December 31, 1992?

1994

What are fixtures and fittings in a balance sheet?

1994

A company earned a total revenue of ₦108 million with a total cost of ₦91 million in 1991. If it paid 45% tax on its gross profit for that year, determine its net profit.

1994

A distinguishing characteristics of a limited liability company is that it

1994

A demonstration of social responsibility by a business is the payment of

1994

The production process that combines two or more raw materials into one end product is

1994

The type of activity which turns processed raw materials into consumer and industrial goods is described as

1994

Commerce is defined as the study of how

1994

Governments impose import duties for the following reasons EXCEPT

1994

What are fixtures and fittings in a balance sheet?

1994

Compulsory dissolution of a business can arise from

1994

Which of the following groups is paid first when a firm liquidates?

1994

Which of the following takes place when firms producing at different stages in the same industry combine?

1994

The difference between the total payments for imports and the receipts from exports within a given period is referred to as

1994

The rate at which a country's exports exchange for its imports is called

1994

What is the major function of the wholesaler?

1994

The use of coin-operated machines to sell goods is a form of

1994

Sole enterprise may flourish best in

1994

A sole proprietor insured his goods worth N200,000 for half the value. There was a fire accident in which goods valued N80,000 were destroyed. The value of compensation expected from the insurer is

1994

Goods discharged from ships on which import duties have not been paid are kept in the

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