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Commerce
WAEC 1997
Commerce 1997 WAEC Past Questions
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Introduction to Commerce
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Business Environment and Social Responsibility
Types of environment
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Nationalisation, Indigenisation and Divestiture
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56
Which of the following is not a means by which banks facilitate foreign trade?
A.
Currency exchange
B.
Letter of credit
C.
Open market operations
D.
Discounting Bills of exchange
E.
Trade reference
View Answer & Discuss
WAEC 1997
57
Which of the following is a characteristic of a private company?
A.
There is no limit to the number of members
B.
Shares and debentures are freely offered to the public
C.
Shares are not dealt in on the stock exchange
D.
It cannot commence trading on receipt of certificate of incorporation
E.
there is no statutory general meeting
View Answer & Discuss
WAEC 1997
58
Food and Drugs Act, Weights and Measure Act, Standards Organization of Nigeria, etc are aimed at
A.
raising revenue for government
B.
regulating balance for trade
C.
checking exports
D.
controlling dumping
E.
protecting consumers
View Answer & Discuss
WAEC 1997
59
The reorganization of public enterprises to operate as profit-making ventures is known as
A.
privatization
B.
nationalization
C.
indeginization
D.
commercialization
E.
harmonization
View Answer & Discuss
WAEC 1997
60
The intangible benefits arising from the business connections and reputation of a firm is called
A.
interest
B.
goodwill
C.
commission
D.
bonus
E.
dividend
View Answer & Discuss
WAEC 1997
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