G12 Commerce Test 2_Second Term

The reward received by a party in a contract agreement is known as ______________.

• consideration

• offer

• acceptance

• warranty

Who among the following generally has no capacity to enter into a valid contract?

• School principals

• Infants

• Religious minister

• Agents

Musa places his bicycle for sale at N800 and Dada had agreed to pay the amount. In this transaction, Musa is the _____________.

• guarantor

• offeree

• buyer

• offeror

Mr Ojo paid Nnamdi the sum of N3,000 for a piece of land without their signing any deed of sale. Which of the following element of contract is lacking in the transaction?

• Formality

• Valuable consideration

• Offer and acceptance

• Capacity

Which of the following advertising media combines the advantages of sound and motion?

• Radio

• Bill board

• Television

• Printing press

Any paid form of non-personal presentation of ideas, goods or services by an identified sponsor is known as _____________________.

• market orientation

• market research

• advertising

• sales promotion

Which of the following is most suitable for demonstrating the features of a new product?

• Television

• Radio

• Loud speaker

• Poster

A practice where producers of the same product come together to advertise is known as ____________________.

• direct advertising

• mass advertising

• institutional advertising

• persuasive advertising

The main reason for advertising an already existing line of product is to ______________.

• retain old customers

• develop customer’s awareness

• entertain customers

• build brand recognition

The form of advertising which aims at winning the market for one particular brand is known as ______________________.

• competitive

• persuasive

• generic

• informative