Commerce 2008 Waec Past Questions and Answers

Question 41 :

• WAEC 2008

A group of musicians can come together to form a

A. Chamber of commerce
B. Public corporation
C. Trade association
D. Trade union

Question 42 :

• WAEC 2008

Which of the following is not an advantage of marketing?

A. Creation of demand
B. Ensuring effective distribution of goods
C. Implementing government regulations
D. Application of marketing techniques

Question 43 :

• WAEC 2008

One disadvantage of indigenization is that it

A. Discourages foreign control of an economy
B. Encourages local retention of profits
C. Encourages the participation of indigenes in economic development
D. Discourages foreign investment

Question 44 :

• WAEC 2008

The takeover by government of Sanking Sillah and Sons Ltd is referred to as

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

Question 45 :

• WAEC 2008

Which of the following economic unions is made up of countries in West Africa only?

A. ACP
B. ECOWAS
C. NATO
D. ADB