WAEC Past Questions and Answers - Page 179

891.

Which of the following will enable customs officers to correctly assess import duties on goods?

A.

Pro-forma invoice

B.

Bill of exchange

C.

Documentary credit

D.

Consular invoice

E.

Bill of laden

Correct answer is E

No explanation has been provided for this answer.

892.

Which of the following ensures that the quality of a product is maintained?

A.

Price Control Board

B.

Chamber of Commerce

C.

Food and Drugs Act

D.

Standards Organisation of Nigeria

E.

Manufactures Association of Nigeria

Correct answer is D

No explanation has been provided for this answer.

893.

Which of the following clearly defines business?

A.

The process of planning, coordinating, organising and controlling

B.

The act of achieving goals with the help of others

C.

The act of buying and selling

D.

Sole proprietorship, Partnership and Public Limited Companies

E.

Any productive activity undertaken for profit motive

Correct answer is E

No explanation has been provided for this answer.

894.

A group of public limited companies that commonly own a joint venture is known as

A.

holding company

B.

consortium

C.

cartel

D.

trust

E.

merger

Correct answer is B

No explanation has been provided for this answer.

895.

One of the features of a supermarket is

A.

having similar shop fronts

B.

having many shops under one root

C.

selling common household goods

D.

having central control from headquarters

E.

selling without shops

Correct answer is C

No explanation has been provided for this answer.