WAEC Past Questions and Answers - Page 186

926.

A retail co-operative society aims at

A.

encouraging members to save money

B.

buying seeds and fertilizers

C.

Manufacturing goods as cheaply

D.

lending money to members at low rate of interest

E.

cutting off the profits of middlemen

Correct answer is E

No explanation has been provided for this answer.

927.

Which of the following is not true of a private limited company?

A.

The minimum number of shareholders is two

B.

its shares are freely transferable

C.

There is a limit to the number of shareholders

D.

it is following separate legal entity

E.

it is a registered business

Correct answer is B

No explanation has been provided for this answer.

928.

Which of the following is not a reason for dishonoring a cheque?

A.

Insufficient funds

B.

Different amounts in words and figures

C.

Uninitiated alteration

D.

Wrong signature

E.

Special crossing

Correct answer is E

No explanation has been provided for this answer.

929.

Which of the following may be used to restrict imports?
i. Bill of lading ii. Specific Licenses iii.Foreign exchange rationing iv. Letters of credit v.Customs duties and tariffs

A.

i, ii and v only

B.

ii, iii and v only

C.

iii, iv and v only

D.

i, ii and iv only

E.

ii, iii and iv only

Correct answer is B

No explanation has been provided for this answer.

930.

Which of the following may not be considered when choosing an appropriate channel of distribution for a new product?

A.

Nature of the product

B.

Identification of potential customers

C.

Operating costs

D.

Existing local channel of distribution

E.

Provision of credit facilities to customers

Correct answer is E

No explanation has been provided for this answer.