Commerce Past Questions And Answers
121
A manufacturer of goods that are seasonally will be in dire need of a?
- A. wealthy customer
- B. suitable means of transport
- C. warehouse
- D. large shop frontage
122
Explain any five obstacles working against the achievement of the objectives of ECOWAS
View Discussion (0)WAEC 1992 THEORY123
A bundle of shares is called?
- A. stock
- B. bonus issue
- C. debenture
- D. rights issue
124
The process of placing the right people in the right position in an organisation is?
- A. planning
- B. motivating
- C. staffing
- D. directing
125
The organization of Petroleum Exporting Countries(OPEC) is an example of a?
- A. cartel
- B. trust
- C. holding company
- D. consortium
126
A reduction in the value of a country's currency in relation to that of other countries is
- A. revaluation
- B. inflation
- C. devaluation
- D. deflation
127
Any action taken by a company outside its stated objective is regarded as?
- A. caveat vendetta
- B. Trepass
- C. ultra vires
- D. uberrimae fidei
128
Which of the following is not a marketing function?
- A. Advertising
- B. Insurance
- C. Packaging
- D. Transportation
129
Which of the following statements is TRUE about sea transport?
- A) all ships have specific routes to ply
- B) all ships must be insured at every journey
- C) all ships are insured separately from the crew
- D) all ships normally arrive at their destination with goods
130
The members of the Niger Basin Commission include?
- A. Guinea, Ghana and Niger Republic
- B. Burkina Faso, Guinea and Nigeria
- C. The Gambia, Benin Republic and Chad
- D. Nigeria, Benin Republic and Chad Republic

