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Commerce 1996 WAEC Past Questions

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31
Tax levied on goods at each stage of their movement from production to the final consumer is known as
  • A. customs drawback
  • B. ad valorem duty
  • C. specific tax
  • D. value added tax
  • E. tariff
View Answer & Discuss WAEC 1996
32
An association of businessmen engaged in both commerce and industry is called
  • A. trade association
  • B. Trade union
  • C. chamber of commerce
  • D. trust
  • E. cartel
View Answer & Discuss WAEC 1996
33
When the government decides to run a statutory corporation as a profit-oriented enterprise, this is known as
  • A. nationalization
  • B. commercialization
  • C. take-over bid
  • D. privatization
  • E. indegenization
View Answer & Discuss WAEC 1996
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34

The primary aim of commerce is to

  • A. produce goods and services
  • B. warehouse goods
  • C. advertise goods and services
  • D. finance goods and services
  • E. exchange goods and services
View Answer & Discuss (1) WAEC 1996
35
Which of the following is has a fixed rate of dividend?
  • A. Debenture
  • B. Ordinary share
  • C. Founder's share
  • D. Preference share
  • E. Equity
View Answer & Discuss WAEC 1996
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