Jamb Commerce Past Questions
Question 11
A business organization must always consider the overall effect of its actions on the
- A. competitor
- B. product
- C. profit
- D. society
Question 12
A country's terms of trade are said to improve when the ratio of her export
- A. decreases
- B. remains constant
- C. increases
- D. equals import
Question 13
The document which must be endorsed by the ambassador of a country of destination before shipment of goods is a
- A. consular invoice
- B. certificate of origin
- C. bill of lading
- D. close indent
Question 14
The document lodged with the customs authorities before a ship can leave the port is a
- A. shipping note
- B. ship report
- C. ship manifest
- D. dock warrant
Question 15
The role of customs and exercise authority includes the
- A. provision of a good transport system to facilitate imports and exports
- B. provision of security at the port
- C. control of the flow of goods in and out of the country
- D. provision of dockyards for ship repairs
