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Commerce 1990 WAEC Past Questions

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81
Which of the following concepts is concerned with determining the business objectives and how they can be achieved?
  • A. Planning
  • B. Organization
  • C. Co-ordinating
  • D. Motivating
  • E. Delegating
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82
A holding company assumes control of its subsidiaries through?
  • A. taking over routine administration
  • B. becoming the principle customer
  • C. majority shareholding
  • D. paying all the debts outright
  • E. taking over only the assets
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83
The accomplishment of a good company's objective by guiding and motivating subordinates is known as?
  • A. Planning
  • B. Organizing
  • C. Managing
  • D. Controling
  • E. Directing
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84
The taking over by state of ownership and control of certain business enterprises is known as?
  • A. indigenization
  • B. nationalization
  • C. privatization
  • D. commercialization
  • E. rationalization
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85
The concept of marketing as a process which begins and ends with the needs and wants of the consumer rather than those of the organization is called?
  • A. caveat venditor
  • B. consumer orientation
  • C. consumer association
  • D. consumer protection
  • E. caveat emptor
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