Waec Commerce 1994 Past Questions and Answers

Question 21:

• WAEC 1994

Which of the following does not determine the form ofa business unit?

A. Available capital
B. Risk bearing
C. Nearness to market
D. Ownership
E. Nature of business

Question 22:

• WAEC 1994

Agents who link buyers with sellers receive?

A. Factorage
B. Brokerage
C. Bonus
D. Interest
E. Premium

Question 23:

• WAEC 1994

Which of the following is not a feature of supermarkets?

A. Standard shop fronts
B. Self service
C. Use of trolleys
D. Small number of sales assistants
E. Stocking mainly food items

Question 24:

• WAEC 1994

Which of the following is an objective of indigenisation? To

A. Increase foreign participation in business
B. Attract foreign Capital
C. Help Nigerian entrepreneurs become monopolists
D. Help citizens participate fully in the economy
E. Distribute income

Question 25:

• WAEC 1994

In which of the following are the objectives of a company stated?

A. Annual Report
B. Articles of Association
C. Certificate of Incorporation
D. Certificate of Trading
E. Memorandum of Association