WAEC Past Questions and Answers - Page 189

941.

Which of the following is has a fixed rate of dividend?

A.

Debenture

B.

Ordinary share

C.

Founder's share

D.

Preference share

E.

Equity

Correct answer is D

No explanation has been provided for this answer.

942.

The primary aim of commerce is to

A.

produce goods and services

B.

warehouse goods

C.

advertise goods and services

D.

finance goods and services

E.

exchange goods and services

Correct answer is E

Commerce is the activity of buying and selling, especially on a large scale. The primary aim of commerce is the purpose of exchange of goods and services. 

943.

When the government decides to run a statutory corporation as a profit-oriented enterprise, this is known as

A.

nationalization

B.

commercialization

C.

take-over bid

D.

privatization

E.

indegenization

Correct answer is B

No explanation has been provided for this answer.

944.

An association of businessmen engaged in both commerce and industry is called

A.

trade association

B.

Trade union

C.

chamber of commerce

D.

trust

E.

cartel

Correct answer is C

No explanation has been provided for this answer.

945.

Tax levied on goods at each stage of their movement from production to the final consumer is known as

A.

customs drawback

B.

ad valorem duty

C.

specific tax

D.

value added tax

E.

tariff

Correct answer is D

No explanation has been provided for this answer.