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Commerce 1996 WAEC Past Questions

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81
One of the features of a supermarket is
  • A. having similar shop fronts
  • B. having many shops under one root
  • C. selling common household goods
  • D. having central control from headquarters
  • E. selling without shops
View Answer & Discuss WAEC 1996
82
A group of public limited companies that commonly own a joint venture is known as
  • A. holding company
  • B. consortium
  • C. cartel
  • D. trust
  • E. merger
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83
Which of the following clearly defines business?
  • A. The process of planning, coordinating, organising and controlling
  • B. The act of achieving goals with the help of others
  • C. The act of buying and selling
  • D. Sole proprietorship, Partnership and Public Limited Companies
  • E. Any productive activity undertaken for profit motive
View Answer & Discuss WAEC 1996
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84
Which of the following ensures that the quality of a product is maintained?
  • A. Price Control Board
  • B. Chamber of Commerce
  • C. Food and Drugs Act
  • D. Standards Organisation of Nigeria
  • E. Manufactures Association of Nigeria
View Answer & Discuss WAEC 1996
85
Which of the following will enable customs officers to correctly assess import duties on goods?
  • A. Pro-forma invoice
  • B. Bill of exchange
  • C. Documentary credit
  • D. Consular invoice
  • E. Bill of laden
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