WAEC Commerce Past Questions & Answers - Page 91

451.

A dormant partner is one who

A.

does not work hard

B.

lent his name to the business

C.

has limited liability

D.

does not partake in running the business

Correct answer is D

No explanation has been provided for this answer.

452.

A transporter who offers to carry goods for anyone at a fee is called

A.

a national carrier

B.

a common carrier

C.

a private carrier

D.

an independent carrier

Correct answer is B

No explanation has been provided for this answer.

453.

Legal tender consists of

A.

cheques and coins

B.

bank drafts and cheques

C.

currency notes and coins

D.

money order and currency notes

Correct answer is C

No explanation has been provided for this answer.

454.

The process of dividing market into identifiable sub-markets is known as

A.

marketing concept

B.

market segmentation

C.

market research

D.

market orientation

Correct answer is B

No explanation has been provided for this answer.

455.

Which of the following is true of rail transport?

A.

Suitable for perishable goods

B.

Cheaper over long distances

C.

it does not require trans-shipment of goods

D.

has no fixed route

Correct answer is D

No explanation has been provided for this answer.