Waec Commerce 2014 Past Questions and Answers

Question 46:

• WAEC 2014

A voluntary association which consists of people who represents a cross section of business interests in an area is a

A. Trade Association
B. Trade Union
C. Chamber of Commerce
D. Consumer's Association

Question 47:

• WAEC 2014

When a ship overstays the allowed number of days at the port, it is made to pay

A. Interest
B. Tariff
C. Demurrage
D. Commission

Question 48:

• WAEC 2014

The place where bankers meet daily to exchange cheques drawn on each other is known as

A. Capital market
B. Money market
C. Clearing house
D. Discount houses

Question 49:

• WAEC 2014

An advertising campaign designed to sell one's own products at the expense of other brands is

A. Competitive
B. Persuasive
C. Direct
D. Informative

Question 50:

• WAEC 2014

Compare a public limited company with partnership under the following headings
(a) formation: (b) Ownership and Control: (c) Source of Capital: (d) Liability: (e) Dissolution:.