WAEC Commerce Past Questions & Answers - Page 325

1,621.

Buying and selling of goods and services within the geographical areas of a country is called?

A.

enterpot trade

B.

external trade

C.

domestic trade

D.

regional trade

E.

import trade

Correct answer is C

No explanation has been provided for this answer.

1,622.

The factor of production which is described as wealth set aside for the the production of further wealth is called?

A.

emterpreneur

B.

land

C.

capital

D.

goodwill

E.

labour

Correct answer is C

No explanation has been provided for this answer.

1,623.

Pure profits is the elements of the paid?

A.

for land

B.

for capital

C.

a manager

D.

to an enterpreneur

E.

for labour

Correct answer is D

No explanation has been provided for this answer.

1,624.

Which of the following is gilt-edge security?

A.

Government bonds and stocks

B.

Gold mine stocks

C.

Company shares and stocks

D.

Life assurrance policy

E.

Bank stocks and securities

Correct answer is A

No explanation has been provided for this answer.

1,625.

The part of business capital with which capital that does not change its form in the process of production is known as?

A.

circulating capital

B.

nominal capital

C.

liquid capital

D.

fixed capital

E.

working capital

Correct answer is D

No explanation has been provided for this answer.