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Commerce Past Questions and Answers

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Waec Commerce Questions

Question 791:

Which of the following is a characteristic of a private company?

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A There is no limit to the number of members
B Shares and debentures are freely offered to the public
C Shares are not dealt in on the stock exchange
D It cannot commence trading on receipt of certificate of incorporation
E There is no statutory general meeting

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Question 792:

Food and Drugs Act, Weights and Measure Act, Standards Organization of Nigeria, etc are aimed at

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A Raising revenue for government
B Regulating balance for trade
C Checking exports
D Controlling dumping
E Protecting consumers

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Question 793:

The reorganization of public enterprises to operate as profit-making ventures is known as

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A Privatization
B Nationalization
C Indeginization
D Commercialization
E Harmonization

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Question 794:

The intangible benefits arising from the business connections and reputation of a firm is called

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A Interest
B Goodwill
C Commission
D Bonus
E Dividend

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Question 795:

Which of the following monitors people's opinion about a firm and takes measures to correct adverse impressions?

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A Public Relations
B Advertising
C Sales Promotion
D Exhibitions
E Trade Fairs

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