Waec Commerce 1991 Past Questions and Answers

Question 26:

• WAEC 1991

One of the reasons for national of industries is?

A. For efficient management
B. To comtrol corruoption and nepotism
C. Increase the number of shareholders
D. To control corruption performance of strategic industries
E. To drive away foreign investors

Question 27:

• WAEC 1991

The value stated on the share certificate as opposed to the current value is called?

A. Premium value
B. Exchange value
C. Nominal value
D. Discount value
E. Market value

Question 28:

• WAEC 1991

The state of scientific knowledge and production process obtainable in a country is part of the?

A. Economic environment of business
B. Political environment of business
C. Legal environment of business
D. Techonolgical environment of business
E. Cultrual environment of business

Question 29:

• WAEC 1991

The Act designed to reserve certain businesses exclusively for Nigerians is known as the?

A. Sale of Goods Act
B. Weights and Measures Act
C. Nigerian Enterprises Promotion Act
D. Standards Organization of Nigeria Act
E. Trade Marks Act

Question 30:

• WAEC 1991

Which of the following involves gathering and analysing information about demand, consumers wants and new products?

A. Sales promotion
B. Market research
C. Personal selling
D. After-sales service
E. Physical distribution