Commerce 2004 Waec Past Questions and Answers

Question 41 :

• WAEC 2004

When consumers are unaware of the quality of a product, the best advertising technique to use is

A. Informative advertising
B. Competitive advertising
C. Direct advertising
D. Indirect advertising

Question 42 :

• WAEC 2004

Which of the following is not an obstacle to the achievement of the objectives of ECOWAS

A. Lack of capital
B. Sabotage by other organizations
C. Lack of commitment of member states
D. Slow pace of development of member countries

Question 43 :

• WAEC 2004

Musa entered into a contract to supply two cows to Aro. Before the agreed date of supply and without the knowledge of the two parties, thieves stole the cows. This is an example of termination of contract by

A. Default
B. Breach
C. Frustration
D. Performance

Question 44 :

• WAEC 2004

Abuse and monopoly of power by industrialists could lead to

A. Privatization
B. Commercialization
C. Nationalization
D. Indigenization

Question 45 :

• WAEC 2004

Which of the following is an objective of indigenization policy? To

A. Prevent all foreign interference in business
B. Encourage local participation in business
C. Prevent smuggling
D. Encourage more production