Waec Commerce 1989 Past Questions and Answers

Question 46:

• WAEC 1989

Which of the following functions is performed by the stock exchange markets?

A. Provision for bulk purchase
B. Issuing of treasury bills
C. Provision of the purchase and sale of existing securities
D. Discounting bills of exchange
E. Providing for short-term investment

Question 47:

• WAEC 1989

Which of the following is not a true characteristic of a Chamber of Commerce?

A. It is not for profit making
B. It is open only to political party members
C. It is democratically administered
D. It is a voluntary organization
E. It is independent of government control

Question 48:

• WAEC 1989

The management of evaluating the company's performance to determine whether it is achieving its objective is?

A. Controlling
B. Directing
C. Organizing
D. Planning
E. Consulting

Question 49:

• WAEC 1989

Which of the following is primarily responsible for protecting against poor quality goods?

A. Nigerian National Supply Company
B. Manufacturers Association of Nigeria
C. Industrial Arbitration Panel
D. Standards Organization of Nigeria
E. Nigeria Chambers of Commerce

Question 50:

• WAEC 1989

Information on new goods is passed on to buyers through?

A. Wholesale trade
B. Retail trade
C. Market research
D. Advertising
E. The manufacturer