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The West African Clearing House(WACH)was established to
Adredge the rivers in West Africa for easy navigation
Bexpand the volume of traffic within member countries
Ccordinate the efforts to member states to tap their natural resources
Dpromote the use of currencies of all members for inter regional trade
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Question 2
waec2004
Which of the following interest holders are settled first in case of a company's liquidation
Aboard of directors
Bdebenture holders
Cordinary shareholders
Dpreference shareholders
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Question 3
waec2004
Which of the following sources of capital to a business requires mortgaging specific asset
Aoverdraft
Bordinary shares
Cfixed debenture
Dtrade credit
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Question 4
waec2004
If a country wishes to discourage imports, it
Aremoves quotas
Bencourages free trade
Cimposes tariffs
Dsubsidizes exports
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Question 5
waec2004
The choice of medium used in advertising is not determined by the
Acost of using a particular medium
Bage group to which the medium appeals
Cnationality of people using the medium
Dnumber of people reached by the medium
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Question 6
waec2004
The Money Market is the
Amarket for long term loans
Bmarket for short-term loans
Cmarket for government securities
Dbanking hall of commercial banks
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Question 7
waec2004
Which of the following is the main task of the Marketing Manager whose company has adopted the marketing concept? To
Aidentify and satisfy customer's needs
Bmaintain the company's share of the market
Crecruit more salesmen
Dmake maximum profit
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Question 8
waec2004
The amount of insurance premium to be paid depends on the
Asupply and demand of a particular company's service
Bextent of the possible loss and the frequency of the risk
Cnumber of insurance companies in a place
Damount of profit to be made by the insurer
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Question 9
waec2004
One of the objectives of ECOWAS is to
Apromote indigenization policy
Bensure that quality goods are produced
Cpromote trade within the region
Ddiscourage foreign investors
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Question 10
waec2004
Which of the following is an objective of indigenization policy? To
Aprevent all foreign interference in business
Bencourage local participation in business
Cprevent smuggling
Dencourage more production
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Question 11
waec2004
Abuse and monopoly of power by industrialists could lead to
Aprivatization
Bcommercialization
Cnationalization
Dindigenization
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Question 12
waec2004
Musa entered into a contract to supply two cows to Aro. Before the agreed date of supply and without the knowledge of the two parties, thieves stole the cows. This is an example of termination of contract by
Adefault
Bbreach
Cfrustration
Dperformance
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Question 13
waec2004
Which of the following is not an obstacle to the achievement of the objectives of ECOWAS
Alack of capital
Bsabotage by other organizations
Clack of commitment of member states
Dslow pace of development of member countries
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Question 14
waec2004
When consumers are unaware of the quality of a product, the best advertising technique to use is
Ainformative advertising
Bcompetitive advertising
Cdirect advertising
Dindirect advertising
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Question 15
waec2004
Activities aimed at boosting the image of an organization are regarded as
Asales promotion
Badvertising
Cpublic relations
Dconsumer protection
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Question 16
waec2004
Any activity aimed at creating more markets for a product is
Apackaging
Bbranding
Cpromotion
Dmerchandising
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Question 17
waec2004
The mode of transport that conveys goods at low cost per unit is
Aroad
Brail
Cpipeline
Dair
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Question 18
waec2004
The main advantage of sea transport over air transport is
Acapacity
Bspeed
Csafety
Dpatronage
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Question 19
waec2004
Which of the following proves that important documents have reached their destination?
Abusiness reply services
Btelegram services
Crecorded delivery services
Dexpress delivery services
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Question 20
waec2004
Which of the following central bank functions inspires confidence in the banking system in case of emergency?
