WAEC Commerce Past Questions & Answers - Page 160

796.

An association that mobilizes the savings of members and channels them to needy members is known as

A.

Consumer Co-operative

B.

Producer Co-operative

C.

Thrift and Credit Co-operative

D.

Multi-purpose Co-operative

E.

Trade Union

Correct answer is C

No explanation has been provided for this answer.

797.

The fastest means of sending a printed message from Lagos to London is through

A.

aeroplane

B.

telephone

C.

cablegram

D.

telex

E.

courier

Correct answer is D

No explanation has been provided for this answer.

798.

Extractive occupation is an example of

A.

construction industry

B.

manufacturing industry

C.

tertiary industry

D.

primary industry

E.

secondary industry

Correct answer is D

No explanation has been provided for this answer.

799.

Which of the following are functions of marketing?

A.

Buying, fnancing, selling and transporting

B.

Sorting, grading, managing and storage

C.

Risk-bearing, storage, production and promotion

D.

Organizing, risk-bearing, transporting and storage

E.

Production, promotion, distribution and pricing

Correct answer is E

No explanation has been provided for this answer.

800.

Dumping means selling goods abroad

A.

at a lower price than in the home market

B.

at a higher price than in the home market

C.

at the same price as in the home market

D.

on credit in the foreign market

E.

for ready cash in the foreign market

Correct answer is A

No explanation has been provided for this answer.