Jamb Commerce 1999 Past Questions and Answers

Question 41:

• JAMB 1999

In every simple contract, the price which is paid to purchase a promise is called

A. Offeree
B. Acceptance
C. Consideration
D. Representation

Question 42:

• JAMB 1999

One major disadvantage of a cartel is that it

A. Maximizes productive efficiency
B. Brings the merging firms under control
C. Maximizes profit from operation
D. Eliminate competitions and waste

Question 43:

• JAMB 1999

Staff position in an organization borders on

A. Authority
B. Advice
C. Responsibility
D. Control

Question 44:

• JAMB 1999

The line function in a typical manufacturing enterprise is normally performed by the

A. Public relations department
B. Estate or properties department
C. Marketing department
D. Legal department

Question 45:

• JAMB 1999

(i)Money and machines (ii) Materials and Money (iii)Market and Man.
Which combination of the above are basic requirement as business resource?

A. I and ii
B. Ii and iii
C. I and iv
D. Ii and iv