2012 - JAMB Commerce Past Questions and Answers - page 4

31
The main objective of a trade association is to
A
protect its members against litigation
B
boost the trade of its members
C
secure credit for its members
D
protect its members against victimization
correct option: d
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32
The promotion and protection of trade industry and agriculture through trade fairs is a function of
A
NACRDB
B
NACCIMA
C
the consumer protection council
D
the chamber of commerce
correct option: d
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33
Securities that entitle the investor to coupon rates are
A
bonds
B
equities
C
warrants
D
treasury bills
correct option: b
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34
Under what management function will the motivation of employees fall
A
staffing
B
controlling
C
organizing
D
directing
correct option: b
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35
The promotion of team spirit in an organization is referred to as
A
unity of direction
B
espirit de corps
C
unity of purpose
D
discipline
correct option: b
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36
One of the characteristics of a good organizational chart is that it should
A
be rigid
B
show government policy
C
facilitate communication
D
be acceptable
correct option: c
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37
An organization which focuses on consumer satisfaction is practicing
A
consumerism
B
market segmentation
C
selling concept
D
marketing concept
correct option: d
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38
Good and services are made available to consumers through
A
the channnel of distribution
B
sales promotion
C
the advertising agency
D
the middle men
correct option: a
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39
A person who in consideration for an extra commission takes responsibility for goods sold on credit and in case of default is a
A
commission agent
B
del credere agent
C
broker
D
factor
correct option: b
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40
Yahaya bought a piece of furniture on a credit sale agreement from Ahmed and resold it to Ali before all installments were made .The court upheld that Ahmed could not recover possession of the items from Ali. The reason for the judgement was because
A
ownership was transfered on completeion of installment
B
ownership was transfered on delivery
C
Yahaya could not pass title to a third party
D
Ali was still indebted to Yahaya
correct option: b
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