Jamb Commerce 1999 Past Questions and Answers

Question 36:

• JAMB 1999

The focal point of the marketing efforts is the`

A. Seller
B. Profit
C. Product
D. Buyer

Question 37:

• JAMB 1999

Adigun displays goods of different makes on shelves in his supermarket. This is an example of

A. Invitation to treat
B. Offer to sell
C. Offer to purchase
D. Invitation to sell

Question 38:

• JAMB 1999

The process of bringing a company under exclusive state ownership and control is know as

A. Nationalization
B. Commercialization
C. Indigenization
D. Privatization

Question 39:

• JAMB 1999

Q,act as an agent of P, lawfully and reasonably incur the amount of N350 as expenses.If Q comes to P, for payment , this is an instance of P'S duty to

A. Remunerate Q
B. Reply Q
C. Indemnify Q
D. Settle Q

Question 40:

• JAMB 1999

In a hire purchase agreement between Argungu Ltd and Maikudi, Argungu Ltd inserted provision that it can enter Maikudi’s premises at any time and remove the hired vehicle for any breach. This provision is

A. Lawful to both
B. Unlawful to both
C. Beneficial to both
D. Detrimental to both