Waec Commerce Past Questions and Answers

Question 486:

• WAEC 1993

The organization that aims at protecting the business interest of a particular area is the?

A. Trade Asociation
B. Manufacturing Association of Nigeria
C. Chamber of Commerce
D. Confederation of industrialists
E. Trade Union

Question 487:

• WAEC 1993

A group of persons that agrees to pool its resources to achieve a particular objective is known as?

A. Consortium
B. Holding company
C. Cartel
D. Trust
E. Subsidiary company

Question 488:

• WAEC 1993

A group of persons that agrees to pool its resources to achieve a particular objective is known as?

A. Consortium
B. Holding company
C. Cartel
D. Trust
E. Subsidiary company

Question 489:

• WAEC 1993

(a) Describe any four features of a multiple shop.
(b) Give any four reasons why small scale retailing is common in Nigeria.

Question 490:

• WAEC 1993

(a) State any four sources of capital for a public limited company.
(b) Explain any four advantages and disadvantages respectively of converting a business into a public limited company.