JAMB Commerce 2023 Objective — Question 5

Question 5 of 40 from the Joint Admissions and Matriculation Board (JAMB) Commerce 2023 Objective paper, with the correct answer and a full explanation.

When a goods spend more than specified time in the custom's Warehouse, such goods will be charged A.

A. Warehouse cost.
B. demurrage.Correct
C. storage cost.
D. security cost.

Explanation

Demurrage is the fine for not taking a good from the warehouse as at the specified time.

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