WAEC Commerce Past Questions & Answers - Page 319

1,591.
1,592.

The rate at which a country's exports exchange for its imports is called?

A.

balance of payments

B.

balance of trade

C.

terms of delivery

D.

terms of trade

E.

counter trade

Correct answer is D

No explanation has been provided for this answer.

1,593.

It is advantageous to provide services which are natural monopoly through?

A.

sole trades

B.

partnership

C.

public limited liabilities companies

D.

public enterprises

E.

co-operative societies

Correct answer is D

No explanation has been provided for this answer.

1,594.

The process whereby a firm buys over the assets and liabilities of another firm is known as?

A.

amalgamation

B.

cartel

C.

factoring

D.

holding

E.

combine

Correct answer is D

No explanation has been provided for this answer.

1,595.

Any powers exercise by a company in pursuance of objectives not authorized by the Memorandum of Association is regarded as?

A.

a trespass

B.

a nuisance

C.

ultra vires

D.

uberrimae fidei

E.

caveat emptor

Correct answer is C

No explanation has been provided for this answer.