WAEC Commerce Past Questions & Answers - Page 233

1,161.

The art of achieving stated objectives of a business organisation in a most efficient way through the use of human and material resources is?

A.

planning

B.

co-ordinating

C.

management

D.

motivation

E.

control

Correct answer is C

No explanation has been provided for this answer.

1,162.

Any paid form of non-personal presentation of ideas, goods or services by an identified sponsor is known as?

A.

market research

B.

market orientation

C.

open market operation

D.

advertising

E.

sales promotion

Correct answer is D

No explanation has been provided for this answer.

1,163.

The retail of goods through currency operated machines is known as?

A.

mail order business

B.

automatic vending

C.

party selling

D.

impulse buying

E.

merchandising

Correct answer is B

No explanation has been provided for this answer.

1,164.

An alternative term for ordinary shares is?

A.

unit trust

B.

gilt-edged securities

C.

equities

D.

bonus issues

E.

right issues

Correct answer is C

No explanation has been provided for this answer.

1,165.

Commerce is not concerned with?

A.

changing the place ofa product

B.

changing the form ofa product

C.

changing ownership of a product

D.

distribution of a product

E.

warehousing of a product

Correct answer is B

No explanation has been provided for this answer.