Commerce Past Questions And Answers
2911
(a) Differentiate between Nationalization and Indigenization.
(b) State six reasons why a country would indigenize some industries.
View Discussion (0)WAEC 2012 THEORY2912
Buildings and machinery used in the running of a business are examples of
- A. current assets
- B. intangible assets
- C. liquid assets
- D. fixed assets
2913
Taxes on imported foreign goods are also known as
- A. excise duties
- B. tariffs
- C. ad valorem taxes
- D. dock dues
2914
A warehouse which is used to store goods whose customs duty is not yet paid is a?
- A. wholesale warehouse
- B. bonded warehouse
- C. public warehouse
- D. branded warehouse
2915
Which of the following attracts only interest but leaves the capital unpaid?
- A. a development bond
- B. a long term loan
- C. an irredeemable bond
- D. redeemable bond
2916
Another name or term for a dishonoured cheque is ______
- A. an order cheque
- B. a bounced cheque
- C. a bearer cheque
- D. an open cheque
2917
Which of the following assigns a name to a product?
- A. Copyright
- B. Packaging
- C. Labelling
- D. Branding
2918
In a typical manufacturing enterprises, the line function is performed by the
- A. Public relations department
- B. Marketing Department
- C. Estate or Properties Department
- D. legal Department.
2919
Which of the following is the primary purpose of a business concern? To
- A. make maximum profit for itself and the share holders
- B. provide goods and services to customers at a profit for itself and shareholders
- C. supply essential commodities at a profit
- D. make a goods and services available to the poor at a profit
2920
Leasing is the right to use asset for an agreed period in return for
- A. profit
- B. interest
- C. wages
- D. rents