JAMB Commerce 2019 Objective — Question 31
Question 31 of 40 from the Joint Admissions and Matriculation Board (JAMB) Commerce 2019 Objective paper, with the correct answer and a full explanation.
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The abbreviation C&F indicates that the
- A. cost of price includes the cost of carriage
- B. cost of production includes delivery charges
- C. selling price includes the cost of carriageCorrect
- D. production cost excludes the cost of carriage
Explanation
C&F means 'Cost and Freight' — this means that the price of the goods includes the cost of carriage.
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