WAEC Commerce Past Questions & Answers - Page 195

971.

When a public company receives the certificate of incorporation, this implies that?

A.

it can go ahead and start business

B.

it can no longer sue or be sued

C.

the company finds it difficult to raise capital

D.

the company's assets exist separately from those of its members

Correct answer is A

No explanation has been provided for this answer.

972.

Industry is a branch of production because it?

A.

is a division of commerce

B.

increases utiility of goods

C.

involves the use of machines

D.

deals with its durable goods

Correct answer is A

No explanation has been provided for this answer.

973.

Which of the following is not a commercial occupation?

A.

Transportation

B.

Warehousing

C.

Banking

D.

Fishing

Correct answer is D

No explanation has been provided for this answer.

974.

A worker who processed garri is engaged in?

A.

extracting

B.

manufacturing

C.

exchange

D.

constructing

Correct answer is B

No explanation has been provided for this answer.

975.

The scope of commerce is limited to?

A.

home and foreign trade

B.

wholesale and retail trade

C.

trade and aids to trade

D.

wholesale and entrepot

Correct answer is C

No explanation has been provided for this answer.