Waec Commerce Past Questions and Answers

Question 2056:

• WAEC 2016

A general tax which applies at each point of exchange of goods and service is?

A. A specific tax
B. An ad valorem tax
C. Value added tax
D. Direct tax

Question 2057:

• WAEC 2016

if a business uses part of its profit to develop the area where it operates, the business is fulfilling its?

A. Economic responsibility
B. Marketing responsibility
C. Social responsibility
D. Managerial responsibility

Question 2058:

• WAEC 2016

production ends when goods and services?

A. Reach the final user
B. Are used for manufacturing
C. Are packed and labelled
D. Are sold to the middlemen

Question 2059:

• WAEC 2016

the process of converting a non profit making organisation to a profit making business is?

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

Question 2060:

• WAEC 2016

A distinctive symbol, title or design that readily identifies the company and its products is?

A. Patent right
B. Trade mark
C. Trade name
D. Brand name