WAEC Commerce Past Questions & Answers - Page 185

921.

The distribution of profits based upon the level of patronage in the business is a common feature of?

A.

partnership firms

B.

public limited companies

C.

co-operative societies

D.

private limited companies

Correct answer is C

No explanation has been provided for this answer.

922.

An advantage of a public limited company over a private one is the?

A.

limited liability of shareholders

B.

easy transferability of shares

C.

access to retained earnings

D.

less taxation by government

Correct answer is B

No explanation has been provided for this answer.

923.

Production is defined as?

A.

an industrial undertaking

B.

creation of utility

C.

earning ones daily bread

D.

the changing of raw materials

Correct answer is B

No explanation has been provided for this answer.

924.

Which of the following coordinates other factors of production to achieve set objectives?

A.

Land

B.

Labour

C.

Enterprenuer

D.

Capital

Correct answer is C

No explanation has been provided for this answer.

925.

Farming is an activity that falls under?

A.

tertiary occupation

B.

commercial occupation

C.

extractive occupation

D.

secondary occupation

Correct answer is C

No explanation has been provided for this answer.