WAEC Commerce Past Questions & Answers - Page 257

1,281.

Incorporation simply means the?

A.

floating of a company

B.

reorganization of a company

C.

birth of a company

D.

registration of the Memorandum of Association

E.

appointment of a new Board of Directors

Correct answer is C

No explanation has been provided for this answer.

1,282.

Any action taken by a company outside its stated objective is regarded as?

A.

caveat vendetta

B.

Trepass

C.

ultra vires

D.

uberrimae fidei

E.

a nuisance

Correct answer is C

No explanation has been provided for this answer.

1,283.

Which of the following statements is true of the manufacturing industry?

A.

The factors of production cannot move to other occupations

B.

It is involved in changing raw materials to finished goods

C.

Its product cannot be distributed to consumers

D.

It doesn't not benefit from the services of direct labour

E.

The workers are unskilled

Correct answer is B

No explanation has been provided for this answer.

1,284.

Department stores are usually located?

A.

where low income earners live

B.

In suburban towns

C.

at city centres

D.

in low rental areas

E.

In areas free from traffic jam

Correct answer is C

No explanation has been provided for this answer.

1,285.

In which class of occupation would doctors, teachers and entertainers be grouped?

A.

Extraction

B.

Industrial

C.

Direct Service

D.

Commercial

E.

Industrial Service

Correct answer is C

No explanation has been provided for this answer.