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Waec Commerce 1994 Past Questions and Answers

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Waec 1994 Commerce Past Questions

Question 26:


The coming together of firms at different stages of the production process is known as?

A. Horizontal integration
B. Vertical integration
C. Consortium
D. Cartel
E. Holding company


Question 27:


Who among the following is not a commercial occ?upaation

A. A stoke broker
B. An engineer
C. A banker
D. A common carrier
E. An advertising agent


Question 28:


The storing of goods under proper conditions until they are required is a function of?

A. Stock taking
B. Warehousing
C. Stock control
D. Merchandising
E. Blending


Question 29:


30 Rate of turnover is the?

A. Number of times opening stock is sold during a period
B. Rate paid by retailers for their stocks
C. Rate paid to agents forturning over their stock ata given period
D. . number of times the stock is turned over
E. Number of times average stock is sold during a period


Question 30:


A postal order, either crossed or open is only valid for a period of?

A. 12 months
B. 10 months
C. 8 months
D. 6 months
E. 5 months






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