WAEC Commerce Past Questions & Answers - Page 186

926.

Which of the following is an advantage of indigenization?

A.

Checks exploitation by citizens

B.

Business risk are shared

C.

Fosters self-reliance

D.

Leads to monopoly of power

Correct answer is C

No explanation has been provided for this answer.

927.

The form of trade practised by the early men was characterized by?

A.

exchange of goods for money

B.

efficient distribution system

C.

exchange of goods for goods

D.

organized warehousing

Correct answer is C

No explanation has been provided for this answer.

928.

Which of the following is not a function of commerce?

A.

advertising goods

B.

creation of goods

C.

increasing profit made

D.

distribution of goods

Correct answer is A

No explanation has been provided for this answer.

930.

The taken over by government of enterprises formerly owned by private person is referred to as?

A.

privatization

B.

nationalization

C.

commercialization

D.

indigenization

Correct answer is B

No explanation has been provided for this answer.