JAMB Past Questions and Answers - Page 27

131.

Production ends when goods and services ________

A.

reach the final consumer

B.

are used for manufacturing

C.

are packaged and labelled

D.

are sold to the middlemen

Correct answer is A

No explanation has been provided for this answer.

132.

The concept that refers to the sale, transfer or exchange of goods and services is

A.

industry

B.

trade

C.

tariff

D.

marketing

Correct answer is B

This is the practice of exchanging goods for goods and services for services

133.

Water corporation is an example of ______?

A.

co-operative society

B.

public enterprise

C.

private enterprise

D.

limited company

Correct answer is B

This is a business organisation established, owned, managed and financed with tax payer's money by the government of a country with the aim of rendering services to the public

134.

One disadvantages of advertising is that it —

A.

could be misleading

B.

decreases sales

C.

reduces profit

D.

causes over stocking

Correct answer is A

Sometimes the manufacturer can give false information regarding a product to the public.

135.

The quality of money that describe its uniformity is

A.

recognizability

B.

durability

C.

portability

D.

homogeneity

Correct answer is D

This is the attribute of money having same composition throughout the country.