Jamb Commerce 2023 Past Questions and Answers

Question 56:

• JAMB 2023

Which of the following legislation aims primarily at the protection of consumers?

A. Company's Act
B. Partnership Act
C. Trade Description Act
D. Law of contract

Question 57:

• JAMB 2023

The activity which entails buying of goods in bulk and selling in small quantities to retailers is

A. Wholesaling
B. Retailing
C. Merchandising
D. Assembling

Question 58:

• JAMB 2023

An individual that links the producer with the retailer is

A. An agent
B. A wholesaler
C. A principal
D. An entreprenuer

Question 59:

• JAMB 2023

I. Its unlimited nature
II. The number of partners
III. The withdrawal of a major of partner
IV. The bearing of risk

Which of these is both merit and demerit in partnership?

A. III and IV
B. I only
C. II only
D. I and II

Question 60:

• JAMB 2023

A factor necessary for siting of a warehouse is nearness to

A. Labour
B. Consumers
C. Capital
D. Raw materials