Waec Commerce Past Questions and Answers

Question 176:

• WAEC 1990

the main purpose of establishing a public corporation is to?

A. Make profit
B. Provide employment
C. Provide essential services
D. Compete with entrepreneurs
E. Establish a monopoly

Question 177:

• WAEC 1990

a document that regulates the internal operations of a company is known as?

A. Memorandum of association
B. Articles of association
C. Prospectus
D. Certificate of incorporation
E. Certificate of trading

Question 178:

• WAEC 1990

which of the following is not a reason for imposing a tariff? to

A. Correct an adverse balance of payments
B. Raise revenue for the government
C. Encourage imports
D. Protect infant industries
E. Encourage the consumption of home-produced goods

Question 179:

• WAEC 1990

customs duties are?

A. Excise duties
B. Dock dues
C. Customary dues
D. Customs officers'' duties
E. Import tariffs

Question 180:

• WAEC 1990

which of the following documents transfers title to goods?

A. Bill of exchange
B. Treasure bill
C. Bill of lading
D. Bill of sight
E. Bill of sale