WAEC Commerce Past Questions & Answers - Page 299

1,491.

Which of the following concepts is concerned with determining the business objectives and how they can be achieved?

A.

Planning

B.

Organization

C.

Co-ordinating

D.

Motivating

E.

Delegating

Correct answer is A

No explanation has been provided for this answer.

1,492.

The main object of a cartel agreement is to control?

A.

output to maintain price

B.

directors to achieve higher profits

C.

workers to increase output

D.

requirement to cut cost

E.

shareholders to maintain shares

Correct answer is A

No explanation has been provided for this answer.

1,493.

The purchase of one company by another is called?

A.

incorporation

B.

merger

C.

cartel

D.

nationalization

E.

privatization

Correct answer is B

No explanation has been provided for this answer.

1,494.

Which of the following documents transfers title to goods?

A.

bill of exchange

B.

treasure bill

C.

bill of lading

D.

bill of sight

E.

bill of sale

Correct answer is C

No explanation has been provided for this answer.

1,495.

Customs duties are?

A.

excise duties

B.

dock dues

C.

customary dues

D.

customs officers'' duties

E.

import tariffs

Correct answer is E

No explanation has been provided for this answer.