Waec Commerce Past Questions and Answers

Question 236:

• WAEC 1991

The state of scientific knowledge and production process obtainable in a country is part of the?

A. Economic environment of business
B. Political environment of business
C. Legal environment of business
D. Techonolgical environment of business
E. Cultrual environment of business

Question 237:

• WAEC 1991

The Act designed to reserve certain businesses exclusively for Nigerians is known as the?

A. Sale of Goods Act
B. Weights and Measures Act
C. Nigerian Enterprises Promotion Act
D. Standards Organization of Nigeria Act
E. Trade Marks Act

Question 238:

• WAEC 1991

Which of the following involves gathering and analysing information about demand, consumers wants and new products?

A. Sales promotion
B. Market research
C. Personal selling
D. After-sales service
E. Physical distribution

Question 239:

• WAEC 1991

Which of the following must be submitted to the Registrar of Companies before the company is incorporated?

A. Articles of Association and Certificate of Incorporation
B. Memorandum of Association and Certificate of Incorporation
C. Articles of Association and Memorandum of Association
D. Memorandum of association and Prospectus
E. Certificate of Incorporation and Prospectus

Question 240:

• WAEC 1991

Which of the following is a feature of Co-operative Societies?

A. Each member has several votes during meetings
B. Profits are shared on the basis of shares held
C. All members have equal votes during meetings
D. Members are not involved in running the business
E. The welfare of members is not taken into consideration