WAEC Commerce Past Questions & Answers - Page 64

316.

Which of the following is not an advantage of marketing?

A.

Creation of demand

B.

Ensuring effective distribution of goods

C.

Implementing government regulations

D.

Application of marketing techniques

Correct answer is C

The implementation of government regulations is not a function of marketing, asmarketing is mainly concerned with the promotion and selling products or services to the public

317.

A group of musicians can come together to form a

A.

chamber of commerce

B.

public corporation

C.

trade association

D.

trade union

Correct answer is C

A trade association is an organization founded and funded by people that operate in a specific industry. If group of musicians come together to form an association that can promote and protect its members' interest, then it is a trade association 

318.

A chamber of commerce normally consists of

A.

officials of the trade unions of commercial workers

B.

all the people engaged in one aspect of trading and manufacturing

C.

all the workers in one branch of commerce

D.

the people who represent a cross-section of business interests in a town

Correct answer is D

No explanation has been provided for this answer.

319.

If a customer opens a deposit account with a bank, he will

A.

recieve a crossed cheque book

B.

be given a tally

C.

be given a loan

D.

recieve interest

Correct answer is D

No explanation has been provided for this answer.

320.

Which of the following receives dividend based on patronage?

A.

Preference shareholder

B.

Co-operative society member

C.

Cumulative preference shareholder

D.

Debenture holder

Correct answer is A

No explanation has been provided for this answer.