JAMB Commerce Past Questions & Answers - Page 190

946.

After registration, a certificate of trading is usually issued to a

A.

partnership

B.

public company

C.

private company

D.

sole proprietorship

Correct answer is B

No explanation has been provided for this answer.

947.

A bus driver operating between Lagos and Jos pledged the owner's credit in Benin in order to have the engine repaired and the bill sent to the owner.This is a case of

A.

del credere agency

B.

agency by necessity

C.

agency by rafication

D.

agency by estoppel

Correct answer is B

No explanation has been provided for this answer.

948.

The basic elements of a valid contract are

A.

offer, acceptance, consideration and witness

B.

offer, intention, acceptance and legality

C.

offer, acceptance, intention, capacity and legality

D.

offer, acceptance, capacity, legality and consideration

Correct answer is D

No explanation has been provided for this answer.

949.

The role of public relations is principally to

A.

sustain good relationship

B.

create good image

C.

carry out publicity

D.

advertise a firm's products

Correct answer is B

No explanation has been provided for this answer.

950.

The most important advantage of personal selling is that it

A.

allows sellers to percieve buyers' needs

B.

allows sellers to sell their goods quickly

C.

takes place easily on the high ways

D.

takes place without the permissionof government

Correct answer is A

No explanation has been provided for this answer.