WAEC Past Questions and Answers - Page 181

901.

Which of the following is not a way of raising capital for business?

A.

Issuing of bonds

B.

Borrowing

C.

Savings

D.

Ploughing back profit

E.

Issuing dividend warrants

Correct answer is E

No explanation has been provided for this answer.

902.

In which of the following business units are the owners mostly the customers?

A.

Co-operatives

B.

Partnerships

C.

Public corporations

D.

Limited liability companies

E.

Sole proprietorship

Correct answer is A

No explanation has been provided for this answer.

903.

Which of the following is not a business resource?

A.

Wages

B.

Man

C.

Money

D.

Material

E.

Machine

Correct answer is A

No explanation has been provided for this answer.

904.

The commercial term "Caveat emptor" means, Let the

A.

buyer beware

B.

seller beware

C.

manufacturer beware

D.

account be settled

E.

endorser be careful

Correct answer is A

No explanation has been provided for this answer.

905.

Which of the following functions may not be performed by a whole saler?

A.

Transporting

B.

Warehousing

C.

Financing

D.

Branding

E.

Manufacturing

Correct answer is E

No explanation has been provided for this answer.