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[ Post UTME Begins ]:
View The List Of Schools That Have Released 2026 Post-UTME Forms.
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Commerce Past Questions
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Introduction to Commerce
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211
In every simple contract, the price which is paid to purchase a promise is called
A.
offeree
B.
acceptance
C.
consideration
D.
representation
View Answer & Discuss
JAMB 1999
212
One major disadvantage of a cartel is that it
A.
maximizes productive efficiency
B.
brings the merging firms under control
C.
maximizes profit from operation
D.
eliminate competitions and waste
View Answer & Discuss
JAMB 1999
213
Staff position in an organization borders on
A.
authority
B.
advice
C.
responsibility
D.
control
View Answer & Discuss (1)
JAMB 1999
214
The line function in a typical manufacturing enterprise is normally performed by the
A.
public relations department
B.
estate or properties department
C.
marketing department
D.
legal department
View Answer & Discuss
JAMB 1999
215
(i)Money and machines (ii) Materials and Money (iii)Market and Man.
Which combination of the above are basic requirement as business resource?
A.
i and ii
B.
ii and iii
C.
i and iv
D.
ii and iv
View Answer & Discuss
JAMB 1999
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