2024 - JAMB Commerce Past Questions and Answers - page 5

41

An agent held responsible for non-payment of goods bought by the customer he introduced to his principal is called agent

A
general
B
special
C
sales
D
del-credere
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42

Which of the following warehouse is generally found near a port?
 

A
producer's warehouse
B
bonded warehouse
C
distributor's warehouse
D
manufacturer's warehouse
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43

Which area of law is NOT related to business?

A
agency
B
hire purchase
C
possession
D
contract
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44

Use the information below to answer this question.
Aisha sold her wristwatch to Halima for #2,000.00 and she paid. The sum of #2,000.00 is the

A
entitlement
B
consideration
C
money
D
fees
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45

A tax paid on goods manufactured and consumed in your country is called

A
excise duty
B
goods tax
C
income tax
D
custom duty
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46

An instruction to an agent abroad restricting him to buy from a named manufacturer is known as

A
pro forma invoice
B
an open indent
C
a closed indent
D
an order
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47

The aid to trade which enables producer and consumer to transact business without physical contact is known as

A
tourism
B
communication
C
advertising
D
insurance
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48

Which of the following is NOT part of Pre-Sales Service/ice?

A
granting of credit or hire purchase sales facilities
B
assisting the prospective buyer to set up facilities for storage
C
dispatching of quotation and price list
D
providing detailed information about goods to be purchased
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49

The term "consumer sovereignty" means that the consumer is a

A
promoter
B
king
C
manager
D
director
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50

The following are functions of marketing EXCEPT

A
packaging
B
distribution
C
insurance
D
advertising
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