Legal Aspects of Business - Jamb Commerce Past Questions and Answers

Question 136:

• JAMB 2018

The agency in Nigeria which ensures that products conform with government quality specifications is the?

A. Standard organisation of Nigeria
B. Nigeria consumer association
C. Manufacturers association of Nigeria
D. Nigeria chambers of commerce

Question 137:

• 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 138:

• 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

Question 139:

• JAMB 2019

The policy used when contracts are awarded as a result of tender is________

A. Market penetration
B. Market skimming
C. Bid Pricing
D. Product Line Pricing

Question 140:

• JAMB 2019

All except one is not a corporation and boards at the federal level

A. FRCN
B. NNPC
C. CBN
D. MAN