Waec Commerce 1994 Past Questions and Answers

Question 31:

• WAEC 1994

The process of taking over private business by government is known as?

A. Naturalisation
B. Nationalisation
C. Privatisation
D. Commercialisation
E. Indigenisation

Question 32:

• WAEC 1994

Which of the following is not the objective of Consumer Association? To

A. Ensure that fair prices are charged
B. Educate consumers on their rights
C. Prevent fake goods from entering the market
D. . prevail on the govemment to enact consumer protection laws
E. . ensure correct specihcations as to quality of goods

Question 33:

• WAEC 1994

Zaico Ltd invoiced goods valued at N80,000 to Victory Ltd for N8,000. Which of the following will Zaico Ltd send to Victory Ltd to correct the error?

A. Consignment note
B. Credit note
C. Advice note
D. Debit note
E. Statement

Question 34:

• WAEC 1994

Which of the following is an example of extractive industry?

A. Sewing dresses
B. Constructing bridges
C. Baking bread
D. Assembling iron rods
E. Digging for precious stones

Question 35:

• WAEC 1994

The raising of new capital by allowing existing shareholders the privilege to buy shares at preferential rate is called?

A. Bonus issue
B. Private placing
C. Offer for sale
D. Rights issue
E. Issue by prospectus