WAEC Commerce Past Questions & Answers - Page 129

641.

When an industry formerly owned by individuals is taken over by the government, such an industry becomes

A.

privatized

B.

nationalized

C.

commercialized

D.

indigenized

E.

legalized

Correct answer is B

No explanation has been provided for this answer.

642.

When a company sells its shares to an issuing house which later sells to the public, it is called

A.

an offer for sale

B.

a rights issue

C.

a public issue

D.

an issue by prospectus

E.

a private placing

Correct answer is A

No explanation has been provided for this answer.

643.

The setting of objectives and determination of the best way to achieve them are known as

A.

coordinating

B.

planning

C.

organizing

D.

motivating

E.

controlling

Correct answer is E

No explanation has been provided for this answer.

644.

Measuring performance against the set objectives is a management function that relates to

A.

staffing

B.

planning

C.

organizing

D.

motivating

E.

controlling

Correct answer is E

No explanation has been provided for this answer.

645.

Any action taken by a company outside its stated objectives is regarded as

A.

caveat emptor

B.

ultra vires

C.

uberrimae fidei

D.

exemption

E.

formality

Correct answer is B

No explanation has been provided for this answer.