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Commerce 2004 WAEC Past Questions

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6
Risks in business are borne by the
  • A. consumer
  • B. entrepreneur
  • C. marketing manager
  • D. personnel manager
View Answer & Discuss WAEC 2004
7
The main aim of credit and thrift societies is to
  • A. settle disputes among members
  • B. educate their members
  • C. secure loans for members
  • D. encourage savings among members
View Answer & Discuss WAEC 2004
8
In which of the following business units are profits shared on the basis of membership patronage?
  • A. public enterprise
  • B. partnership
  • C. co-operative society
  • D. public limited liability company
View Answer & Discuss WAEC 2004
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9
A business becomes a separate legal entity after it has
  • A. started operation
  • B. been incorporated
  • C. been insured
  • D. been accepted by the public
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10
The amalgamation of firms engaged in cotton processing and the manufacturing of textiles is
  • A. horizontal integration
  • B. vertical integration
  • C. lateral integration
  • D. joint venture
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