WAEC Past Questions and Answers - Page 165

821.

Which of the following mostly serves as a useful promotional device for consumer goods?

A.

Trade mark

B.

Labelling

C.

Standardization

D.

Grading

E.

Packaging

Correct answer is E

No explanation has been provided for this answer.

822.

Which of the following monitors people's opinion about a firm and takes measures to correct adverse impressions?

A.

Public Relations

B.

Advertising

C.

Sales Promotion

D.

Exhibitions

E.

Trade Fairs

Correct answer is A

No explanation has been provided for this answer.

823.

The intangible benefits arising from the business connections and reputation of a firm is called

A.

interest

B.

goodwill

C.

commission

D.

bonus

E.

dividend

Correct answer is B

No explanation has been provided for this answer.

824.

The reorganization of public enterprises to operate as profit-making ventures is known as

A.

privatization

B.

nationalization

C.

indeginization

D.

commercialization

E.

harmonization

Correct answer is D

No explanation has been provided for this answer.

825.

Food and Drugs Act, Weights and Measure Act, Standards Organization of Nigeria, etc are aimed at

A.

raising revenue for government

B.

regulating balance for trade

C.

checking exports

D.

controlling dumping

E.

protecting consumers

Correct answer is E

No explanation has been provided for this answer.