JAMB Commerce Past Questions & Answers - Page 112

556.

When an employee incurs expenses while executing his normal duty, the employer is responsible for his?

A.

safety

B.

family's security

C.

family's welfare

D.

indemnification

Correct answer is D

Indemnification simply means the protection against a loss or other financial burden. Just like the question has explained, when an employee incurs financial expenses while adjudicating his/her duties, the employer is expected to indemnify or compensate the employee for the loss or amount spent.

557.

The implied provisions in every sale of goods as contained in the Sales of Goods Act of 1893 are conditions and?

A.

consideration

B.

sureties

C.

warranties

D.

guaranties

Correct answer is C

No explanation has been provided for this answer.

558.

An agreement between two parties which is enforceable by law is a?

A.

promise

B.

warranty

C.

contract

D.

condition

Correct answer is C

contract is a legally binding promise made between at least 2 parties in order to fulfill an obligation in exchange for something of value.

559.

The coordinating section of the central processingcontrol unit unit that manages the flow of data is the?

A.

arithematic logic unit

B.

control unit

C.

magnetic unit

D.

register

Correct answer is B

The control unit of the central processing unit regulates and integrates the operations of the computer. It directs the flow of data between the CPU and the other devices.

560.

An example of a non-insurable risk is?

A.

burglary

B.

speculation

C.

fire

D.

accident

Correct answer is B

Uninsurable risks are risks that cannot be covered because they are either too probable, too catastrophic, and costly to cover. Risks whose peril cannot be predicted nor estimated are also considered non-insurable.

Events such as war, terrorism, and radioactive contamination are also considered non-insurable.