WAEC Past Questions and Answers - Page 195

971.

Industrial, commercial and direct services are branches of

A.

manufacturing

B.

occupation

C.

exchange

D.

distribution

E.

specialization

Correct answer is B

No explanation has been provided for this answer.

972.

When a company buys up firms supplying it with raw materials, this is an example of

A.

horizontal integration

B.

a holding company

C.

backward integration

D.

consortium

E.

lateral merger

Correct answer is C

No explanation has been provided for this answer.

973.

The difference between the total amount of money received by a country and the total amount paid to other countries within a given period is the

A.

trade gap

B.

balance of trade

C.

balance of payments

D.

current account balance

E.

terms of trade

Correct answer is C

No explanation has been provided for this answer.

974.

Which of the following is not the duty of an entrepreneur?

A.

provision of inital capital

B.

Bearing of risks

C.

Organization of other factors of production

D.

Decision on what to produce

E.

Decision on the amount of tax to pay

Correct answer is E

No explanation has been provided for this answer.

975.

The worship of "Host of Heaven" in Judah during Manasseh's reign was an indication that he

A.

Yahweh's worship has declined

B.

Judah's king was weak

C.

Assyrian influence was strong

D.

Babylonian influence was great

Correct answer is C

No explanation has been provided for this answer.