Commerce Past Questions - Page 261


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Question 2601

Which of the following is not a feature of co-operative society?

Options

A) Owners are the customers

B) Capital can be repaid to a member

C) Votes are according to shares held

D) Dividend is based on patronage

Exam Body: West African Examinations Council (WAEC)

Question 2602

The practice of selling the product below the cost price to attract customers to a shop is known as

Options

A) hedging

B) loss leader

C) skimming

D) under-invoicing

Exam Body: West African Examinations Council (WAEC)

Question 2603

Which of the following is not contained in a deed of partnership?

Options

A) Names and addresses of partners

B) Ratio for sharing profits and losses

C) Investment of each partner

D) Rate of taxation

Exam Body: West African Examinations Council (WAEC)


Question 2604

The publication of facts from a firm's product is called

Options

A) merchandizing

B) exhibition

C) feature articles

D) mass advertising

Exam Body: West African Examinations Council (WAEC)

Question 2605

Which of the following is not a function of a retailer?

Options

A) Providing after sales services

B) Stocking variety of goods

C) Selling in small unites to the consumers

D) Financing manufacturers

Exam Body: West African Examinations Council (WAEC)

Question 2606

Which of the following is used for a single payment of many people at the same time through a bank instead of writing separate cheques?

Options

A) Debit transfer

B) Credit transfer

C) Certified cheque

D) Crossed cheque

Exam Body: West African Examinations Council (WAEC)

Question 2607

The legal document that gives a individual power to protect his own piece of invention is called

Options

A) copyright

B) license

C) patent right

D) trademark

Exam Body: West African Examinations Council (WAEC)

Question 2608

A mortgage bank is primarily concerned with financing the acquisition of

Options

A) motor vehicle

B) research equipment

C) computer machine

D) dwelling houses

Exam Body: West African Examinations Council (WAEC)

Question 2609

The work of actuaries is to

Options

A) underwrite insurance risks

B) calculate insurance premiums

C) settle insurance claims

D) assess profits for insurance companies

Exam Body: West African Examinations Council (WAEC)

Question 2610

Government financial grants is a source of capital to a

Options

A) partnership

B) public limited company

C) public corporation

D) co-operative society

Exam Body: West African Examinations Council (WAEC)