WAEC Past Questions and Answers - Page 7

31.

A system of buying products from a machine is known as

A.

Impulse buying

B.

branding

C.

automatic vending

D.

loss leader

Correct answer is C

No explanation has been provided for this answer.

32.

A cheque bearing a date showing that it was issued more than six months ago is termed a

A.

blank cheque

B.

bearer cheque

C.

stale cheque

D.

order cheque

Correct answer is C

No explanation has been provided for this answer.

33.

The documents issued by the Registrar of companies which allows a public company to commence business is called

A.

trading certificate

B.

prospectus

C.

certificate of incorporation

D.

memorandum of association

Correct answer is A

No explanation has been provided for this answer.

34.

The distribution of goods creates

A.

time utility

B.

place utility

C.

form utility

D.

possession utility

Correct answer is A

No explanation has been provided for this answer.

35.

Foreign trade is concerned with

A.

exchange of goods and services among companies

B.

buying and selling of imported goods

C.

exchange of goods and services among citizens

D.

buying and selling of goods and services among countries

Correct answer is D

No explanation has been provided for this answer.