JAMB Past Questions and Answers - Page 198

986.

Citizens are against privatization mainly because of?

A.

the rationalization of organizations

B.

increased prices of goods and services

C.

the likelihood of monopoly

D.

ineffective management

Correct answer is B

One of the major reasons people do not support privatization is because of the problem of price. Private enterprises unlike public enterprises are in business to make profits, and hence the prices paid for the services they render is always high

987.

An agent who takes tittle to goods and has authority to buy and sell on behalf of another is?

A.

a jobber

B.

a broker

C.

a factor

D.

an auctioneer

Correct answer is C

A factor is a type of trader who receives and sells goods on commission, called factorage. He transacts business in his own name and without disclosing his principal.

988.

The business environment that takes into cognizance the age distribution, ethnic mix and educational level of the consumer is?

A.

demographic evironment

B.

economic evironment

C.

cultural environment

D.

natural environment

Correct answer is A

The demographic aspect of a business is concerned with the characteristics of the population in a specific area and includes multiple factors like age, race, income, etc.

989.

Consumers require protection against exploitation to ensure?

A.

adequate consumer awareness

B.

availability of products variety

C.

the sale of quality products

D.

increased aggregate demand

Correct answer is C

No explanation has been provided for this answer.

990.

Foreign trade also involves?

A.

providing services for other countries

B.

specialization and the exchange of goods in a country

C.

buying and selling within a country

D.

the exchange of goods and services between firms

Correct answer is A

No explanation has been provided for this answer.