Past Questions And Answers
In a free market economy. the rationing of scarce goods is done principally by_______
- A. Consumers
- B. The government
- C. The price mechanism
- D. All of the above
Which of the following statements about viruses is true?
- A. Viruses can reproduce outside of a host cell
- B. Viruses require a host cell to replicate
- C. Viruses possess a cellular structure
- D. Viruses are living organisms
The prime cost is the total of the?
- A. production cost + selling expenses
- B. direct material + direct labour + direct expenses
- C. direct material + work overhead expenses
- D. administrative expenses + selling + distribution expenses
Which of the following is used in gauging public opinion?
- A. constitution
- B. educational institution
- C. mass media
- D. electoral college
In Microsoft Excel, sheet tabs can be renamed by ______
- A. Double-clicking any column
- B. Double-clicking any row
- C. Double-clicking on the sheet tab; entering the new name
- D. Going to File, and clicking Save As
A three-digit odd number less than 500 is to be formed from 1,2,3,4 and 5. If repetition of digits is allowed, in how many ways can this be done?
- A. 125
- B. 75
- C. 60
- D. 36
To keep a vehicle moving at a constant speed v, requires power P, from the engine. The force provided by the engine is
- A. \(\frac{p}{v}\)
- B. \(\frac{1}{2}\) v
- C. pv
- D. \(\frac{p}{v^2}\) v
(a) What is pricing?
(b) Explain marketing concept
(c) List and explain the four elements of marketing mix.
View Discussion (0)WAEC 2016 THEORYThe arrangement and interrelationship of the various components and positions of a business is referred to as
- A. line structure
- B. unity of direction
- C. organisational structure
- D. clarity of objective
Alaka who owed Saka #15,000, settled his debt after deducting cash discount of 10percent. To record the discount in the book of Saka, debit
- A. discount recieved account and credit Alaka's account
- B. Alaka's account and credit discount recieved account
- C. Saka's account and credit discount recieved account
- D. discount allowed account and credit Alaka's account

