2013 - JAMB Commerce Past Questions & Answers - page 1

1
The breaking down of a market into separate and identifiable elements is known as
A
differentiation
B
segmentation
C
skimming
D
penetration
CORRECT OPTION: b
2
A contract that is acknowledged before the law court is referred to as
A
informal contract
B
formal contract
C
contract of records
D
specialty contract
CORRECT OPTION: c
A contract of record is one which has been declared and adjudicated by a court having jurisdiction, or which is entered of record in obedience to, or in carrying out, the judgments of a court.
3
An agent employed to sell goods delivered to him by the principal is referred to as a
A
special agent
B
del credere agent
C
factor
D
universal agent
CORRECT OPTION: b
4
A motor dealer who agreed to sell a car to Mr X but delivered it to Mr Y on the delivery date agreed with Mr X. He has discharged the contract by
A
performance
B
frustration
C
an agreement
D
breach
CORRECT OPTION: d
5
The right to retain possession of goods until the contract price is paid is referred to as
A
a promise
B
ultra vires
C
a breach
D
a lien
CORRECT OPTION: d
6
A contract can be terminated through
A
physical combat
B
family intervention
C
frustration
D
consultation
CORRECT OPTION: c
7
The sole legal right held by the author to publish his book is
A
trademark
B
copyright
C
patent right
D
bookmark
CORRECT OPTION: b
8
The process of transferring data from one computer to another is referred to as
A
downloading
B
faxing
C
browsing
D
decoding
CORRECT OPTION: a
9
The physical component of a computer system is
A
software
B
hardware
C
hard disk
D
floppy disk
CORRECT OPTION: b
10
The type of computer software used mainly for management information is
A
corel draw
B
autocad
C
data base
D
word perfect
CORRECT OPTION: c
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