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Commerce 1991 WAEC Past Questions

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66
In nationalized industries, losses are borne by the?
  • A. tax payers
  • B. shareholders
  • C. debenture holders
  • D. Minister of industries
  • E. Borad of Directors
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67
The main aim of the ECOWAS is the?
  • A. elimination of aparthied
  • B. formation of West African High Command
  • C. formation of Government of West African States
  • D. Promotion of economic and cultural interaction
  • E. promotion of ethnic and rural integration among members states
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68
The consumer is always right. This describes the doctrine of?
  • A. social responsibility
  • B. consumer movement
  • C. consumer sovereignty
  • D. consumer protection
  • E. caveat venditor
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69
equity interest in a company is represented by?
  • A. preference shares
  • B. retained earnings
  • C. debentures
  • D. bonds
  • E. ordinary shares
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70
An organization chart shows the?
  • A. relative position of employeesin a firm
  • B. customers position in a firm
  • C. order in which tasks should be tackled
  • D. specification of various jobs in a firm
  • E. the profit position of the firm
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