Commerce Past Questions And Answers
1641
The production process that combines two or more raw materials into end product is
- A. conditioning
- B. blending
- C. merging
- D. synthesis
1642
Explain the following
(a) Prospectus
(b) Share certificate
(c) Underwriting of shares
(d) Ordinary shares
(e)Dividend warrants.
View Discussion (0)WAEC 2004 THEORY1643
The major objective of corporate mergers is to?
- A. minimize the effect of taxation
- B. increase financial advantage
- C. enhance economies of sale
- D. facilitate profit maximization
1644
Transport, retailing and wholesaling industries rely heavily on
- A. banking
- B. insurance
- C. manufacturing
- D. railway
1645
The second tier security market is
- A. an appendage to the Nigeria stock exchange
- B. a member of the Nigeria stock exchange
- C. meant for the shares of quoted private companies
- D. a regulating arm of the Nigerian stock exchange
1646
A person who in consideration for an extra commission takes responsibility for goods sold on credit and in case of default is a
- A. commission agent
- B. del credere agent
- C. broker
- D. factor
1647
Which of the following justifies the existence of public enterprises
- A. Making quick decision
- B. Creating monopoly
- C. Making profit for government
- D. Providing essential services
1648
In marketing, any good or service that satisfies the consumer is called a
- A) Place
- B) Product
- C) Promotion
- D) price
1649
The main factors militating against the rapid growth of trade in Nigeria are
- A) Inadequate transportation network and huge capital outlay
- B) Lack of motivation and government attitude towards trade
- C) Lack of good transportation network and insecurity of investments
- D) Huge capital outlay and government altitude to trade
1650
Excise duties are paid on goods that are
- A) imported into the country
- B) manufactured within the country
- C) exported to other countries
- D) kept in bonded warehouses

