WAEC Commerce Past Questions & Answers - Page 301

1,501.

The term capital account in international trade includes?
I.foreign investment
II.long-term lending
III. short-term lending
IV.foreign exchange reserve
V.short-term borrowing.

A.

I & II only

B.

III & V only

C.

II, III & IV only

D.

I, III & IV only

E.

II, IV & V only

Correct answer is A

No explanation has been provided for this answer.

1,502.

management can be defined as?

A.

getting things done through people

B.

implementation of business decisions

C.

the number of levels in an organisation

D.

the general manager and the employees

E.

decision making

Correct answer is B

No explanation has been provided for this answer.

1,503.

A partnership agreement specifying the relationship amongst partners is called?

A.

article of association

B.

memorandum of association

C.

partnership act

D.

partnership deed

E.

certificate of incorporation

Correct answer is D

No explanation has been provided for this answer.

1,504.

a study to discover consumers preferences and needs is called?

A.

marketing

B.

consumer orientation

C.

market research

D.

marketing mix

E.

market demand

Correct answer is B

No explanation has been provided for this answer.

1,505.

Which of the following is an aspect of the marketing concept?

A.

product orientation

B.

sales orientation

C.

consumer orientation

D.

mass production

E.

mass distribution

Correct answer is B

No explanation has been provided for this answer.