Commerce 2008 Jamb Examination

Commerce 2008 Jamb Examination
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2. Career
4. Job
1...345

Question 41

The implied provisions in every sale of goods as contained in the Sales of Goods Act of 1893 are conditions and?
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The Sales of Goods Act of 1893 provides that every sale of goods contains implied terms which are conditions and warranties. Therefore the correct option is C.

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Question 42

When an employee incurs expenses while executing his normal duty, the employer is responsible for his?
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When an employee spends money in the course of duty, the employer reimburses or indemnifies him. Therefore the correct option is D.

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Question 43

The body charged with divesting government interests in public enterprises is?
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The Bureau of Public Enterprises (BPE) is responsible for the privatization and commercialization of government enterprises. Therefore the correct option is C.

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Question 44

The practice whereby government relinquishes its ownership interest in a public enterprises is?
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Privatization is when government transfers ownership of public enterprises to private individuals or organizations. Therefore the correct option is C.

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Question 45

A factor in a business environment which increases the rate of product obsolescence is?
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Technological advancement leads to frequent innovations, causing older products to become obsolete quickly. Therefore the correct option is A.

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Question 46

Which of the following is a form of social responsibility of a business?
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Businesses have a duty to contribute positively to society. One such responsibility is ensuring a tidy and safe environment for the community. Therefore the correct option is C.

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Question 47

A computer component that decodes and interprets instructions and also directs program implementation is?
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The control unit decodes and interprets instructions, and it directs the flow of operations during program execution. Therefore the correct option is C.

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Question 48

Which software program can be used to generate financial reports from a company's client list?
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MS Excel is a spreadsheet software used for organizing data and generating financial reports. Therefore the correct option is C.

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Commerce 2008 Jamb Examination
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