WAEC Past Questions and Answers - Page 68

336.

A firm that accepts, sells and delivers goods by post is a

A.

supermarket

B.

multiple store

C.

department store

D.

mail order business

Correct answer is D

No explanation has been provided for this answer.

337.

Which of the following cannot be used to regulate importation?

A.

Import quota

B.

Import license

C.

Imposition of embargo

D.

Increase of excise duty

Correct answer is D

No explanation has been provided for this answer.

338.

The relationship between partners is stipulated in the

A.

Memorandum of Association

B.

Article of Association

C.

Partnership Deed

D.

Certificate of Incorporation

Correct answer is C

No explanation has been provided for this answer.

339.

The buying and selling of goods and services within a country is called

A.

counter trade

B.

entrepot trade

C.

foreign trade

D.

home trade

Correct answer is D

No explanation has been provided for this answer.

340.

Which of the following services is not offered to retailers by wholesalers?

A.

Keeping them informed of the demands of consumers

B.

Keeping them informed of new products

C.

Offering a wide range of products

D.

Granting credit

Correct answer is A

No explanation has been provided for this answer.