WAEC Commerce Past Questions & Answers - Page 204

1,016.

Which of the following does not lead to the dissolution of a partnership?

A.

Absence of a deed of partnership

B.

Withdrawal of a partner

C.

Incapacity of any of the partners

D.

Completion of contractual term

Correct answer is A

No explanation has been provided for this answer.

1,017.

Which of the following has no limit to its membership?

A.

Ordinary partnership

B.

Private Limited Company

C.

Limited partnership

D.

Cooperative society

Correct answer is D

No explanation has been provided for this answer.

1,018.

Which of the following is concerned with actual production of goods and services?

A.

Commerce

B.

Trade

C.

Industry

D.

Service

Correct answer is C

No explanation has been provided for this answer.

1,019.

Transforming raw materials into finished products is an example of?

A.

primary production

B.

secondary production

C.

tertiary production

D.

direct service

Correct answer is B

No explanation has been provided for this answer.

1,020.

The distribution and exchange of goods and services for the satisfaction of wants in the concern of?

A.

production

B.

utility

C.

commerce

D.

industry

Correct answer is C

No explanation has been provided for this answer.