Waec Commerce 1993 Past Questions and Answers

Question 71:

• WAEC 1993

A company that acquires a majority of the shares of the other companies with voting rights is regarded as?

A. A consortium
B. A holding company
C. An amalgamator
D. A subsidiary comapany
E. Cartel

Question 72:

• WAEC 1993

Air transport is considerable importance today because it?

A. Is faster than other means of transport
B. Can deliver goods to owner's destination
C. Is relatively cheaper
D. Can carry bulky goods
E. Travels on schedule

Question 73:

• WAEC 1993

The organization that aims at protecting the business interest of a particular area is the?

A. Trade Asociation
B. Manufacturing Association of Nigeria
C. Chamber of Commerce
D. Confederation of industrialists
E. Trade Union

Question 74:

• WAEC 1993

A group of persons that agrees to pool its resources to achieve a particular objective is known as?

A. Consortium
B. Holding company
C. Cartel
D. Trust
E. Subsidiary company

Question 75:

• WAEC 1993

A group of persons that agrees to pool its resources to achieve a particular objective is known as?

A. Consortium
B. Holding company
C. Cartel
D. Trust
E. Subsidiary company