1994 - JAMB Commerce Past Questions and Answers - page 4
31
Which of the following must be present in an agency by agreement?
A
intentions
B
will
C
consent
D
authority
correct option: a
Users' Answers & Comments32
An agreement to sell is distinguishable from sale because in the former, the transfer of goods is
A
not anticipated
B
not discussed
C
deferred
D
immediate
correct option: c
Users' Answers & Comments33
Mr Amusa says to Mr Bello 'i will sell you this hat for N30'. And Mr Bello replied 'i will pay N29'. The contract is
A
an offer and acceptance
B
an implied contract
C
a complete simple contract
D
an offer but no acceptance
correct option: d
Users' Answers & Comments34
Nationalization of an industry means that its ownership becomes that of
A
government
B
shareholders
C
taxpayers
D
indigenes
correct option: a
Users' Answers & Comments35
The comprehensive import supervision scheme was set up by the federal government in order to
A
reverse Nigeria's unfavourable balance of trade
B
promote fair trade between Nigeria and other countries
C
counteract all fraudulent business deals of Nigeria with other nationals
D
ensue that import into Nigeria are of the correct quality, value and quantity
correct option: d
Users' Answers & Comments36
Which of the following has power to order withdrawal of a particular food item from circulation?
A
Standard organisation of Nigeria
B
Federal High courts in Nigeria
C
Food and Drug Department of the Federal Ministry of health
D
Local government health inspector
correct option: c
Users' Answers & Comments37
Which of the following maxims negate the principle of collective bargaining?
A
individual employees have weak bargaining base
B
individual employees attain strength when they come together in union
C
only members of the union can benefit from agreements negotiated by the union
D
collective bargainig covers the vast majority of employees, whether union members or not
correct option: c
Users' Answers & Comments38
NACCIMA stands for
A
Nigerian-American Center for Culture,Civic, Industries, Minerals and Arts
B
Nigerian Association for Culture ,Civic, Industries, Minerals and Arts
C
National Agency for Culture, Civilization, Investment, Manufacturing, and Agriculture
D
Nigerian association of Chambers of commerce, Industries, Mines and Agriculture
correct option: d
Users' Answers & Comments39
For establishment of a powerful consumers' association in Nigeria to exist, there must be
A
financial and moral support from the public
B
honest and commited leadership
C
allocation of goods from the producer
D
freedom from external influence
correct option: d
Users' Answers & Comments40
which of the following is the most important business resource?
A
money
B
management
C
materials
D
manpower
correct option: d
Users' Answers & Comments