Waec Commerce Past Questions and Answers

Question 2281:

• WAEC 2021

An organization of producers of similar produces, which controls output with the intention to fix price is a

A. Trust
B. Syndicate
C. Consortium
D. Cartel

Question 2282:

• WAEC 2021

One of the functions of a trade association is to

A. Provide infrastructure for members
B. Provide employment for members
C. Promote members' welfare
D. Pay members' salaries

Question 2283:

• WAEC 2021

The practice of selling goods to a foreign country at lower prices than obtainable in the exporting country is

A. Speculation
B. Skimming
C. Hedging
D. Dumping

Question 2284:

• WAEC 2021

A foreign order which instructs an agent to buy certain goods from a particular supplier is

A. Closed indent
B. Open indent
C. Letter of credit
D. Letter of enquiry

Question 2285:

• WAEC 2021

Which of the following is not a condition for dissolution of a partnership?

A. Continuous disagreement among partners
B. Expiration of a business year
C. Mutual consent of the patners
D. Termination of the venture