WAEC Past Questions and Answers - Page 62

306.

Retail outlets that have identical store design, layout and stock display are

A.

multiple shops

B.

tied shops

C.

mobile shops

D.

supermarkets

Correct answer is B

Tied Shop is a retail business that only sells a particular supplier's products. This type of retail shop has agreed to sell goods of a particular manufacturer solely.

307.

Which of the following is sent by a supplier who does not want to sell on credit?

A.

Pro forma invoice

B.

Consular invoice

C.

Quotation

D.

Advice note

Correct answer is A

A proforma invoice is a preliminary bill or estimated invoice which is used to request payment from the committed buyer for goods or services before they are supplied.

308.

Which of the following occupations comes under the extractive industry?

i. Cattle-rearing, lumbering, farming
ii. Mining, quarrying, hunting
iii. Shipbuilding, road construction, iron bending
iv. Singing, dancing, barbing

A.

i, ii and iii only

B.

i, ii and iv only

C.

i and ii only

D.

ii and iii only

Correct answer is C

The extractive industry involves all kinds of works concerned with the extraction of natural resources from the soil, the sea, or forest e.g. farming, fishing, hunting, lumbering, mining, quarrying, etc.

Option C is the correct answer from the given options

309.

A person who invented a new machine for making beverages may protect his exclusive right by

A.

labelling the product

B.

obtaining a patent

C.

choosing a name for the product

D.

obtaining a trade mark

Correct answer is B

A patent is an exclusive right granted for an invention, which could be a product or a process that provides a new way of doing something

310.

A shareholder who holds 100,000 shares of 50 butts each is given a dividend of 10 percent less 2 percent tax. What is his net return?

A.

D10,000.00

B.

9,800.00

C.

D5,000.00

D.

D4,900.00

Correct answer is C

No explanation has been provided for this answer.