Waec Commerce 2010 Past Questions and Answers

Question 41:

• WAEC 2010

Government financial grants is a source of capital to a

A. Partnership
B. Public limited company
C. Public corporation
D. Co-operative society

Question 42:

• WAEC 2010

Which of the following is not a feature of co-operative society?

A. Owners are the customers
B. Capital can be repaid to a member
C. Votes are according to shares held
D. Dividend is based on patronage

Question 43:

• WAEC 2010

The practice of selling the product below the cost price to attract customers to a shop is known as

A. Hedging
B. Loss leader
C. Skimming
D. Under-invoicing

Question 44:

• WAEC 2010

Which of the following is not contained in a deed of partnership?

A. Names and addresses of partners
B. Ratio for sharing profits and losses
C. Investment of each partner
D. Rate of taxation

Question 45:

• WAEC 2010

The publication of facts from a firm's product is called

A. Merchandizing
B. Exhibition
C. Feature articles
D. Mass advertising