JAMB Commerce Past Questions & Answers - Page 77

381.

The body which ensures that consumers are protected against harmful products in Nigeria is

A.

NAFDAC

B.

NDLEA

C.

SON

D.

CPC

Correct answer is C

The Standard Organisation of Nigeria (SON) is the sole statutory body that is vested with the responsibility of standardising and regulating the quality of all products in Nigeria.

382.

Yahaya bought a piece of furniture on a credit sale agreement from Ahmed and resold it to Ali before all installments were made .The court upheld that Ahmed could not recover possession of the items from Ali. The reason for the judgement was because

A.

ownership was transfered on completeion of installment

B.

ownership was transfered on delivery

C.

Yahaya could not pass title to a third party

D.

Ali was still indebted to Yahaya

Correct answer is B

Ahmed  lost ownership of the property the moment he transferred ownership to yahaya whether he was fully compensated or not.

383.

A person who in consideration for an extra commission takes responsibility for goods sold on credit and in case of default is a

A.

commission agent

B.

del credere agent

C.

broker

D.

factor

Correct answer is B

Del Credere Agent Law and Legal Definition. A del credere is an agent who guarantees the solvency of third parties with whom the agent contracts on behalf of the principal.

384.

Good and services are made available to consumers through

A.

the channel of distribution

B.

sales promotion

C.

the advertising agency

D.

the middle men

Correct answer is A

distribution channel is a chain of businesses or intermediaries through which a good or service passes until it reaches the final buyer or the end consumer.

385.

An organization which focuses on consumer satisfaction is practicing

A.

consumerism

B.

market segmentation

C.

selling concept

D.

marketing concept

Correct answer is D

The marketing concept is the philosophy that firms should analyze the needs of their customers and then make decisions to satisfy those needs, better than the competition.