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Commerce 2022 WAEC Past Questions

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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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41

The act of removing government laws and allowing market forces to determine prices is

  • A. commercialization
  • B. deregulation
  • C. divestiture
  • D. privatization
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42

The purpose of commercialization is to

  • A. make state-owned firms more efficient
  • B. enable state-owned firms pay tax
  • C. encourage the flow of foreign capital
  • D. encourage greater participation of the private sector
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43

An agency agreement in which the principal approves the action of his authorized representative is agency by

  • A. ratification
  • B. necessity
  • C. implication
  • D. estoppel
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44

A requirement for an offer to be valid is that it should be

  • A. witnessed by a third party
  • B. something of value
  • C. made to one person only
  • D. communicated to the offeree
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45

A disadvantage of privatization is

  • A. high motive for profit than public interest
  • B. decline in the supply of goods
  • C. less efficiency in production of goods
  • D. increase in government expenditure
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 24709