JAMB Commerce Past Questions & Answers - Page 200

996.

Q,act as an agent of P, lawfully and reasonably incur the amount of N350 as expenses.If Q comes to P, for payment , this is an instance of P'S duty to

A.

remunerate Q

B.

reply Q

C.

indemnify Q

D.

settle Q

Correct answer is C

No explanation has been provided for this answer.

997.

The process of bringing a company under exclusive state ownership and control is know as

A.

nationalization

B.

commercialization

C.

indigenization

D.

privatization

Correct answer is A

No explanation has been provided for this answer.

998.

Adigun displays goods of different makes on shelves in his supermarket. This is an example of

A.

invitation to treat

B.

offer to sell

C.

offer to purchase

D.

invitation to sell

Correct answer is A

No explanation has been provided for this answer.

999.

The focal point of the marketing efforts is the

A.

seller

B.

profit

C.

product

D.

buyer

Correct answer is D

No explanation has been provided for this answer.

1000.

The concept of limiting types, sizes and other characteristics of a product line without sacrificing utility or durability is called

A.

simplification

B.

standardization

C.

specialization

D.

satisficing

Correct answer is B

No explanation has been provided for this answer.