WAEC Commerce Past Questions & Answers - Page 222

1,106.

Which of the following business must have at least one member with unlimited liability?

A.

Limited liability company

B.

Limited partnership

C.

Nominal partnership

D.

Public eneterprises

Correct answer is B

No explanation has been provided for this answer.

1,107.

Branding is an aspect of marketing mix associated with?

A.

price

B.

product

C.

place

D.

distribution

Correct answer is B

No explanation has been provided for this answer.

1,108.

The number of times the average stock of a business is sold within a given period is?

A.

turnover

B.

rate of turnover

C.

sales return

D.

current ratio

Correct answer is B

No explanation has been provided for this answer.

1,109.

The mark-up of a retailer represents the?

A.

gross profit

B.

opening stock

C.

closing stock

D.

net profit

Correct answer is A

No explanation has been provided for this answer.

1,110.

Which of the following classified under production?

A.

Cloth making

B.

Shoe mining

C.

Coal mining

D.

Road construction

Correct answer is B

No explanation has been provided for this answer.