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Commerce Past Questions and Answers

Waec Commerce Questions

Question 2281:
An organization of producers of similar produces, which controls output with the intention to fix price is a
  • A Trust
  • B Syndicate
  • C Consortium
  • D Cartel
View Answer & Explanation
Question 2282:
One of the functions of a trade association is to
  • A Provide infrastructure for members
  • B Provide employment for members
  • C Promote members' welfare
  • D Pay members' salaries
View Answer & Explanation
Question 2283:
The practice of selling goods to a foreign country at lower prices than obtainable in the exporting country is
  • A Speculation
  • B Skimming
  • C Hedging
  • D Dumping
View Answer & Explanation
Question 2284:
A foreign order which instructs an agent to buy certain goods from a particular supplier is
  • A Closed indent
  • B Open indent
  • C Letter of credit
  • D Letter of enquiry
View Answer & Explanation
Question 2285:
Which of the following is not a condition for dissolution of a partnership?
  • A Continuous disagreement among partners
  • B Expiration of a business year
  • C Mutual consent of the patners
  • D Termination of the venture
View Answer & Explanation