WAEC Commerce Past Questions & Answers - Page 146

726.

Which of the following takes the shortest time and is the most accurate means of communication?

A.

Telephone

B.

Express letter

C.

Recorded delivery

D.

Airmail letter

E.

Telegraph

Correct answer is A

No explanation has been provided for this answer.

727.

Which of the following is a legal tender?

A.

Central Bank cheque

B.

Bank notes

C.

Bankdraft

D.

Traveller's cheque

E.

Bill of exchange

Correct answer is B

No explanation has been provided for this answer.

728.

Which of the following conditions may lead to the dissolution of a partnership?

A.

Expiry of agreed time

B.

Termination of venture

C.

One partner becomes dormant

D.

Mutual consent of the partners

E.

Bankruptcy of partners

Correct answer is C

No explanation has been provided for this answer.

729.

A business unit whose membership range from 2 to 20 is a

A.

co-operative society

B.

partnership

C.

private limited company

D.

public limited company

E.

public enterprise

Correct answer is B

No explanation has been provided for this answer.

730.

The products that are regularly and easily bought by customers through habit are called?

A.

industrial goods

B.

capital goods

C.

specialty goods

D.

giffen goods

E.

convenience goods

Correct answer is D

No explanation has been provided for this answer.