JAMB Commerce 2007 Objective — Question 49
Question 49 of 50 from the Joint Admissions and Matriculation Board (JAMB) Commerce 2007 Objective paper, with the correct answer and a full explanation.
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The abbreviation C&F indicates that
- A. the cost price includes the cost of carriageCorrect
- B. cost of production includes delivery charges
- C. selling price includes the cost of carriage
- D. production cost excludes the cost of carriage
Explanation
C&F means Cost and Freight - the quoted cost of the goods already includes the cost of delivery/carriage.
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