Study and practice Commerce past questions with answers and detailed explanations. Then test your knowledge using our interactive CBT practice platform and prepare confidently for your upcoming examinations.
One of the function of the Niger Basin Commission is to
AEnsure equal treatment of African nations
BA. Foster closer co-operation among West African nations
CA. Map out regulation that will guide all navigation for all West African nations
Dguarantee freedom of navigation for all West African nations
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Question 53
jamb2000
The instrument establishing the Economic Community of West African State in 1975 is
Aa decree
Ban act
Ca treaty
Dconstitution
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Question 54
jamb2000
In an organization, civic consideration arises from?
Athe profit derived from the enviroment
Bits operations witthin the environment
Cirs social negative impacts on the community
Dthe fact that it is registered in that locality
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Question 55
jamb2000
The legal aspect of business is designed to
Aprotect business organization and consumers
Bsafeguard consumers from undue business practices
Cprotect infant industries from collapse
Dencourage free exchanges among businesses
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Question 56
jamb2000
The three components of staffing are?
Arecruitment, selection and placement
Brecruitment, interview and appointment
Crecruitment , test and placement
Drecruitment, procurement and appointment
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Question 57
jamb2000
The composite functions of management are?
Aplanning, supervising, communicating
Bplanning, controlling, organising and directing
Ccoordinating, supervising , staffing and comunicating
Ddirecting, supervising, motivating, and controlling
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Question 58
jamb2000
A chamber of commerce is an association made up of
Aenterpreneurs
Bmanufacturers
Cmerchants
Dimporters
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Question 59
jamb2000
The primary objectives of a trade association is to
Aundertake researchwork on behalf of members
Bestablish easy link with government
Cexchange information and negotiate as a preasure group
Doperat as a group against other groups
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Question 60
jamb2000
The main difference between nationalization and indigenization is in terms of
Ashareholding
Bprofit
Ctechnology
Defficiency
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Question 61
jamb2000
The first known legislation to protect consumer rights in Nigeria is the
AUsury Laws
BHire purchase Act
CSales of Goods Act
DFoood and Drugs Act
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Question 62
jamb2000
An aspect of the law which allows an exclusive right for a limited number of years is a
Acopyright
Btrade mark
Craffication
Dpatent
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Question 63
jamb2000
After registration, a certificate of trading is usually issued to a
Apartnership
Bpublic company
Cprivate company
Dsole proprietorship
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Question 64
jamb2000
A bus driver operating between Lagos and Jos pledged the owner's credit in Benin in order to have the engine repaired and the bill sent to the owner.This is a case of
Adel credere agency
Bagency by necessity
Cagency by rafication
Dagency by estoppel
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Question 65
jamb2000
The basic elements of a valid contract are
Aoffer, acceptance, consideration and witness
Boffer, intention, acceptance and legality
Coffer, acceptance, intention, capacity and legality
Doffer, acceptance, capacity, legality and consideration
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Question 66
jamb2000
The role of public relations is principally to
Asustain good relationship
Bcreate good image
Ccarry out publicity
Dadvertise a firm's products
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Question 67
jamb2000
The most important advantage of personal selling is that it
Aallows sellers to percieve buyers' needs
Ballows sellers to sell their goods quickly
Ctakes place easily on the high ways
Dtakes place without the permissionof government
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Question 68
jamb2000
The practice whereby soft drink manufacturers give away caps, bags and other items when consumers buy their product is a form of
Amarketing strategies
Bpublicity
Cadvertising
Dsaels promotion
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Question 69
jamb2000
The type of advertising that seeks to persuade consumers to buy a particular product is
