JAMB Commerce Past Questions & Answers - Page 131

651.

The major types of warehouse are?

A.

manufacturer, bonded, departemental and private

B.

bonded, public, coldroom and private

C.

manufacturer, bonded, public and departmental

D.

wholesaler, manufacturer, public and bonded

Correct answer is D

No explanation has been provided for this answer.

652.

Consumerism aims at protecting the consumer from?

A.

harmful products

B.

drug addiction

C.

smoking cigarettes

D.

alcohol consumption

Correct answer is A

Consumerism simply means the protection or promotion of the interests of consumers. It is a modern movement for the protection of the consumer against useless, inferior, or dangerous products, misleading advertising, unfair pricing, etc.

653.

Hire purchase is beneficial to the seller because?

A.

it enhances his living standard

B.

it increases his turnover

C.

people pay instalmentally

D.

of the patronage he enjoys

Correct answer is B

No explanation has been provided for this answer.

654.

A trade association consists of members engaged in the same trade while a chamber of commerce is?

A.

highly regulated by a governent agency

B.

not restricted on a particular industry

C.

made up of members that are registered

D.

made up of firms in the banking industry

Correct answer is B

No explanation has been provided for this answer.

655.

The members of ECOWAS include?

A.

Nigeria, Chad, Gabon and Cape Verde

B.

Burkina Faso, Nigeria and Ghana, Algeria

C.

Guinea, Mali, Cameroun and Nigeria

D.

Togo, Niger, Nigeria and Ghana

Correct answer is D

No explanation has been provided for this answer.