WAEC Commerce Past Questions & Answers - Page 270

1,346.

Which of the following is common to both large and small firms?

A.

Lower running cost

B.

Personal attention to customers

C.

Large capital

D.

Profit making

E.

Opening On public holidays

Correct answer is D

No explanation has been provided for this answer.

1,347.

Which of the following cannot be used as a means of transport between Kano and Lagos?

A.

Airplane

B.

Ship

C.

Train

D.

Bus

E.

Car

Correct answer is B

No explanation has been provided for this answer.

1,348.

A del credere agents is distinguished from other agent in that he?

A.

is a partner in a trading fim

B.

works for his principal on commission basis

C.

is a middle man in a transaction involving two or more people

D.

usually guarantees payments in any transcaction

E.

is a dealer on the stock exchange

Correct answer is D

No explanation has been provided for this answer.

1,349.

A speculator who buys shares and stocks in anticipating of a rise in their price at the stock Exchange is a?

A.

bull

B.

bear

C.

broker

D.

jobber

E.

stag

Correct answer is A

No explanation has been provided for this answer.

1,350.

Ware house are located in Lagos because of?

A.

availability of wholesale

B.

even development

C.

nearness to sea and airports

D.

the need to check smuggling

E.

the need to create additional cost of production

Correct answer is C

No explanation has been provided for this answer.