JAMB Past Questions and Answers - Page 246

1,226.

The act of a person employing another to enter into a contract on his behalf is known as?

A.

business

B.

sale of goods

C.

bilateral agreement

D.

agency

Correct answer is D

No explanation has been provided for this answer.

1,227.

The government policy thrust on the business environment is to?

A.

promote experts

B.

attract investors

C.

be self-sufficient

D.

increase production

Correct answer is B

No explanation has been provided for this answer.

1,228.

The assembling of products into usable forms is known as?

A.

construction

B.

manufacturing

C.

formation

D.

creation

Correct answer is A

No explanation has been provided for this answer.

1,229.

One of the requirements necessary for setting up a business is?

A.

registration

B.

advertisement

C.

knowledge of the business

D.

documentation

Correct answer is C

No explanation has been provided for this answer.

1,230.

The evolution of commerce in Nigeria is traceable to the?

A.

period of barter economy as human needs became limitless

B.

desire by human beings to satify their needs through the services of other people inthe society

C.

development of human civlizations and the desire to meet their needs

D.

primitive stage of existence of human beings

Correct answer is B

No explanation has been provided for this answer.