JAMB Commerce Past Questions & Answers - Page 84

416.

The body charged with the responsibility of regulating foods and drugs in Nigeria is the?

A.

SON

B.

NDLEA

C.

NAFDAC

D.

CAC

Correct answer is A

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. 

417.

One of the obligations of an employer to an employee is to?

A.

indemnify him against liabilities incurred on duty

B.

award scholarship to his children

C.

terminate his appointment without prior notice

D.

indemnity himagainst injuries caused through negligence

Correct answer is A

No explanation has been provided for this answer.

418.

The major parties to an agency relationship are the?

A.

principal and the creditor

B.

bailee and the bailor

C.

principal and the agent

D.

shareholder and the creditor

Correct answer is C

This is a business relationship where a principal gives legal authority to an agent to act on the principal's behalf when dealing with a third party.

Previous

419.

To make a simple contract valid, the intention must be?

A.

legal and written

B.

legal and binding

C.

legal and attractive

D.

legal and harmonious

Correct answer is B

A valid contract is a written or expressed agreement between two parties to provide a product or service.  The contact must be legal and binding on the contracting parties for it to be valid

420.

The slogan, a wonderful world, used by a communication network is a form of?

A.

product differentiation

B.

persuasive advertising

C.

publicity

D.

packaging

Correct answer is B

persuasive advertising: A type of product promotion that attempts to influence a consumer in favor of a purchasing particular good or service.