Waec Economics Past Questions and Answers

Question 856:

• WAEC 2005

The transfer of ownership of a public enterprise to individuals and firms is called

A. Commercialization
B. Nationalization
C. Privatization
D. Restructuring

Question 857:

• WAEC 2005

One-man business are popular in West Africa because of all the following except the

A. Ease of entry
B. Small capital required
C. Limited enterpreneur skills needed
D. Tendency to become joint-stock compsnies

Question 858:

• WAEC 2005

Wholesalers are often criticized because they

A. Help to break the bulk
B. Finance producers
C. Increase prices
D. Provide after-sales services

Question 859:

• WAEC 2005

In which of the following business units are the owners mostly customers?

A. Co-operatives
B. Limited liability companies
C. Partnerships
D. Public corporations

Question 860:

• WAEC 2005

information about new goods is passed on to buyers through

A. Advertising
B. Retail trade
C. The manufacturer
D. Wholesale trade