Legal Aspects of Business - Jamb Commerce Past Questions and Answers

Question 6:

• JAMB 1994

Which of the following maxims negate the principle of collective bargaining?

A. Individual employees have weak bargaining base
B. Individual employees attain strength when they come together in union
C. Only members of the union can benefit from agreements negotiated by the union
D. Collective bargainig covers the vast majority of employees, whether union members or not

Question 7:

• JAMB 1994

NACCIMA stands for

A. Nigerian-American Center for Culture,Civic, Industries, Minerals and Arts
B. Nigerian Association for Culture ,Civic, Industries, Minerals and Arts
C. National Agency for Culture, Civilization, Investment, Manufacturing, and Agriculture
D. Nigerian association of Chambers of commerce, Industries, Mines and Agriculture

Question 8:

• JAMB 1994

For establishment of a powerful consumers' association in Nigeria to exist, there must be

A. Financial and moral support from the public
B. Honest and commited leadership
C. Allocation of goods from the producer
D. Freedom from external influence

Question 9:

• JAMB 2019

In a law of contract, what is given in exchange for a promise to perform is_____

A. Offer
B. Acceptance
C. Warranty
D. Consideration

Question 10:

• JAMB 2019

In Nigeria, it is mandatory for all business enterprises to be registered with the________

A. Government
B. Corporate Affairs Commission
C. Agent
D. Enterprise