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Commerce Past Questions and Answers

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Waec Commerce Questions

Question 431:

Which of the following is not an important reason for government ownership of industries?

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A Provision of essential services
B Large capital requirements
C Avoiding duplication of services
D Preventing private monopoly
E Making high profit

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Question 432:

In a limited partnership, the liability of most of the partners is?

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A Pegged
B Unlimited
C Limited
D Unpredictable
E Restricted

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Question 433:

The rights, responsibilities and liabilities of each partner are specified in the?

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A Memorandum of association
B Prospectus
C Articles of association
D Deed of partnership
E Deed of conveyance

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Question 434:

Which of the following statements is not true?

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A Government does not nationalize businesses owned by its citizens
B Government nationalizes foreign business
C Government does not give nationalized industries to private owners
D Government nationalizes viable business
E Public corporation are owned by the government

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Question 435:

When an industry is nationalized, ownership belongs to the?

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A Shareholders
B Government
C Tax payers
D Indigenes
E Foreigners

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