2004 - JAMB Commerce Past Questions and Answers - page 2
11
The members of the Niger Basin Commission include?
A
Guinea, Ghana and Niger Republic
B
Burkina Faso, Guinea and Nigeria
C
The Gambia, Benin Republic and Chad
D
Nigeria, Benin Republic and Chad Republic
correct option: b
Users' Answers & Comments12
Business environment refers to all elements that are?
A
outside an organization but relevant to its operations
B
inside an organization but irrelevant to its operations
C
internal to an organization and relevant to its operations
D
external to an organization but indirectly related to its operations
correct option: d
Users' Answers & Comments13
Consumer rights include the right to?
A
credit
B
free samples of a product
C
redress
D
a shre of profits
correct option: c
Users' Answers & Comments14
One important requirement for the membership of the ECOWAS is?
A
intergrity
B
independence
C
landmass
D
population
correct option: b
Users' Answers & Comments15
In Nigeria, the body ensures that its members operate according to their professional ethics is the?
A
SON
B
NPF
C
MAN
D
NAFDAC
correct option: a
Users' Answers & Comments16
A transporter who had to sell some perishable goods without the prior authority of the owner becomes an agent by?
A
conduct
B
necessity
C
ratification
D
estoppel
correct option: b
Users' Answers & Comments17
Poor sewage disposal, oil spill and indiscriminate refuse dumping all lead to?
A
land pollution
B
water pollution
C
land and water pollution
D
air and water pollution
correct option: c
Users' Answers & Comments18
One of the advantages of commercialization is that it?
A
encourages entrepreneuership
B
increases the salaries of workers
C
motivates governement to establish more business
D
gives wortkers on-the-job training
correct option: a
Users' Answers & Comments19
A common element in all contracts is?
A
offer
B
consideration
C
acceptance
D
agreement
correct option: d
Users' Answers & Comments20
Sources of finance to a business include personal savings, share, debentures and?
A
loans from IMF
B
bank overdraft
C
central bank loans
D
money from political parties
correct option: b
Users' Answers & Comments