JAMB Past Questions and Answers - Page 369

1,841.

What is the major function of the wholesaler?

A.

buying from small-scale producers and selling to exporters

B.

buying in bulk and selling in small quantities

C.

granting of credit facilities to retailers

D.

providing information to manufacturers on market situation

Correct answer is B

No explanation has been provided for this answer.

1,842.

The use of coin-operated machines to sell goods is a form of

A.

personal selling

B.

retailing

C.

wholesaling

D.

mail-order selling

Correct answer is B

No explanation has been provided for this answer.

1,843.

Sole enterprise may flourish best in

A.

a mining business

B.

a retailing business

C.

an oil exploration business

D.

a car assembly business

Correct answer is B

A sole enterprise means a one-man business and such businesses mostly excel in the retail line.

1,844.

Which disciple asked Jesus, ''Lord, we do not know where you are going; how can we know the way?

A.

Peter

B.

James

C.

Thomas

D.

John

Correct answer is C

No explanation has been provided for this answer.

1,845.

Governments impose import duties for the following reasons EXCEPT

A.

to raise revenue for other services

B.

to act as a retaliatory measure against other governments

C.

to discourage the redistribution of income at home

D.

to protect home industries from external competition

Correct answer is C

No explanation has been provided for this answer.