JAMB Commerce Past Questions & Answers - Page 228

1,136.

The federal Government made efforts at rendering public enterprises more efficient and profit-oriented through the process of

A.

privatization

B.

commercialization

C.

indigenization

D.

nationalization

Correct answer is B

No explanation has been provided for this answer.

1,137.

When an industry or company is nationalized, the state becomes

A.

the major shareholder

B.

the mini shareholder

C.

the only shareholder

D.

an equal shareholder with other individuals

Correct answer is C

No explanation has been provided for this answer.

1,138.

Consumer sovereignty means that they consumer is

A.

a citizen

B.

always independent

C.

always wrong

D.

always right

Correct answer is D

No explanation has been provided for this answer.

1,139.

chinyere agree to make a dress for Halima with September 20, 1995 as the delivery date. If the dress was not ready on that date, Halima could

A.

sue Chinyere for damages

B.

sue Chinyere for specific performance

C.

seize another gown from Chinyere's shop

D.

regard the contract between them as terminated

Correct answer is B

No explanation has been provided for this answer.

1,140.

A disadvantage of personal selling is that it

A.

increase a company's operating cost

B.

decreases acompany's operating cost

C.

increase a company's number of customers

D.

reduces a company's area of patronage

Correct answer is D

No explanation has been provided for this answer.