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2286

The transformation curve slopes indicate that

  • A. opportunity cost of producing one commodity for another
  • B. opportunity cost of producing two commodities at a time
  • C. sales of the plants to other investors
  • D. decrease in the cost of production
View Answer & Discuss WAEC 2008
2287

Which of the following is regarded as fixed cost?

  • A. expenditure on raw materials
  • B. expenditure on fuel
  • C. expenditure on power
  • D. rent on land
View Answer & Discuss WAEC 2008
2288

Revenue is the

  • A. cost of good multiplied by the quantity sold
  • B. price of goods multiplied by the quantity sold
  • C. quantity of goods plus purchase price
  • D. quantity supplied less quantity sold
View Answer & Discuss WAEC 2008
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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2289

A business outfit is said to be a public limited company when it

  • A. is owned by the government
  • B. operates as a public corporations
  • C. is run by the public
  • D. sells its shares to members of the public
View Answer & Discuss WAEC 2008
2290

The main characteristics of an ordinary shares are

  • A. maximum risk, fixed dividends, voting rights
  • B. minimum risks, fixed dividends, no voting rights
  • C. maximum risks, variable dividends, voting rights
  • D. minimum risks. fixed dividends, no voting rights
View Answer & Discuss WAEC 2008
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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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