Waec Commerce Past Questions and Answers

Question 431:

• WAEC 1993

Which of the following is not an important reason for government ownership of industries?

A. Provision of essential services
B. Large capital requirements
C. Avoiding duplication of services
D. Preventing private monopoly
E. Making high profit

Question 432:

• WAEC 1993

In a limited partnership, the liability of most of the partners is?

A. Pegged
B. Unlimited
C. Limited
D. Unpredictable
E. Restricted

Question 433:

• WAEC 1993

The rights, responsibilities and liabilities of each partner are specified in the?

A. Memorandum of association
B. Prospectus
C. Articles of association
D. Deed of partnership
E. Deed of conveyance

Question 434:

• WAEC 1993

Which of the following statements is not true?

A. Government does not nationalize businesses owned by its citizens
B. Government nationalizes foreign business
C. Government does not give nationalized industries to private owners
D. Government nationalizes viable business
E. Public corporation are owned by the government

Question 435:

• WAEC 1993

When an industry is nationalized, ownership belongs to the?

A. Shareholders
B. Government
C. Tax payers
D. Indigenes
E. Foreigners