Commerce Past Questions And Answers
251
The amount of capital used in the day-to-day running of a company is?
- A. working capital
- B. capital employed
- C. share capital
- D. fixed capital
252
A wholesaler dealer in securities is known as a
- A. stockborker
- B. speculator
- C. jobber
- D. stag
253
The conversion of raw materials into finished goods is performed by?
- A. extractive industry
- B. service occupation
- C. commercial occupation
- D. the manufacturing industry
254
Branding is a tool for?
- A. competitive advertising
- B. consumerism
- C. marketing research
- D. pricing policy
255
A partnership is dissolved when?
- A. the business suffers a loss
- B. there is bankruptcy
- C. there is consistent theft
- D. there is misunderstanding between partners
256
The policy used when contracts are awarded as a result of tender is________
- A. market penetration
- B. market skimming
- C. Bid Pricing
- D. Product Line Pricing
257
Marketing differs from selling in that,the latter only creates
- A. possession utility
- B. marginal utility
- C. form utility
- D. place utility
258
(a) Explain five reasons why many small business turn into private limited liability companies.
(b) What are the disadvantages of such a decision?
View Discussion (0)WAEC 1991 THEORY259
one objective of the European Union is to?
- A. fight the guilty nations in time of war
- B. eliminate drug addiction among member countries
- C. eliminate all tariffs and quotas among member countries
- D. fight against child abuse in member countries
260
The process of transferring data from one computer to another is referred to as
- A. downloading
- B. faxing
- C. browsing
- D. decoding