Waec Commerce Past Questions and Answers

Question 186:

• WAEC 1990

The taking over by state of ownership and control of certain business enterprises is known as?

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

Question 187:

• WAEC 1990

The concept of marketing as a process which begins and ends with the needs and wants of the consumer rather than those of the organization is called?

A. Caveat venditor
B. Consumer orientation
C. Consumer association
D. Consumer protection
E. Caveat emptor

Question 188:

• WAEC 1990

Which of the following is not an advantage of advertising? It

A. Gives information about products
B. Increases sales
C. Increases production
D. Improves the quality of products
E. Introduces new products

Question 189:

• WAEC 1990

Which of the following is the acceptable classification of warehouse?

A. Ordinary, wholesale and state warehouse
B. Ordinary, presidential and bonded warehouse
C. Bonded, royal and queen warehouse
D. Ordinary off-shore and bonded warehouse
E. Private, public and bonded warehouse

Question 190:

• WAEC 1990

A cheque made payable to "bearer"

A. Can be negotiated for cash by the drawer only
B. Can only be paid into an account
C. Can be negotiated for cash by any holder
D. Is not regarded as a negotiable instrument
E. Must be endorsed to another account for settlement