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Commerce 2016 WAEC Past Questions

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46

A general tax which applies at each point of exchange of goods and service is?

  • A. a specific tax
  • B. an ad valorem tax
  • C. value added tax
  • D. direct tax
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47

if a business uses part of its profit to develop the area where it operates, the business is fulfilling its?

  • A. economic responsibility
  • B. marketing responsibility
  • C. social responsibility
  • D. managerial responsibility
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48

production ends when goods and services?

  • A. reach the final user
  • B. are used for manufacturing
  • C. are packed and labelled
  • D. are sold to the middlemen
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49

the process of converting a non profit making organisation to a profit making business is?

  • A. indigenization
  • B. privatization
  • C. deregulation
  • D. commercialization
View Answer & Discuss (1) WAEC 2016
50

A distinctive symbol, title or design that readily identifies the company and its products is?

  • A. patent right
  • B. trade mark
  • C. trade name
  • D. brand name
View Answer & Discuss (2) WAEC 2016
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