Study and practice Commerce past questions with answers and detailed explanations. Then test your knowledge using our interactive CBT practice platform and prepare confidently for your upcoming examinations.
The accomplishment of a good company's objective by guiding and motivating subordinates is known as?
APlanning
BOrganizing
CManaging
DControling
EDirecting
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Question 2072
waec1990
A holding company assumes control of its subsidiaries through?
Ataking over routine administration
Bbecoming the principle customer
Cmajority shareholding
Dpaying all the debts outright
Etaking over only the assets
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Question 2073
waec1990
Which of the following concepts is concerned with determining the business objectives and how they can be achieved?
APlanning
BOrganization
CCo-ordinating
DMotivating
EDelegating
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Question 2074
waec1990
The main object of a cartel agreement is to control?
Aoutput to maintain price
Bdirectors to achieve higher profits
Cworkers to increase output
Drequirement to cut cost
Eshareholders to maintain shares
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Question 2075
waec1990
The purchase of one company by another is called?
Aincorporation
Bmerger
Ccartel
Dnationalization
Eprivatization
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Question 2076
waec1990
which of the following documents transfers title to goods?
Abill of exchange
Btreasure bill
Cbill of lading
Dbill of sight
Ebill of sale
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Question 2077
waec1990
customs duties are?
Aexcise duties
Bdock dues
Ccustomary dues
Dcustoms officers'' duties
Eimport tariffs
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Question 2078
waec1990
which of the following is not a reason for imposing a tariff? to
Acorrect an adverse balance of payments
Braise revenue for the government
Cencourage imports
Dprotect infant industries
Eencourage the consumption of home-produced goods
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Question 2079
waec1990
a document that regulates the internal operations of a company is known as?
Amemorandum of association
Barticles of association
Cprospectus
Dcertificate of incorporation
Ecertificate of trading
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Question 2080
waec1990
the main purpose of establishing a public corporation is to?
Amake profit
Bprovide employment
Cprovide essential services
Dcompete with entrepreneurs
Eestablish a monopoly
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Question 2081
waec1990
which of the following is not a fixed asset of a business?
Asundry debtors
Bpatent
Cmachinery and plant
Dgoodwill
Eloose tools
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Question 2082
waec1990
money spent for the day-to-day running of a business is called?
Afixed capital
Bworking capital
Cequity capital
Dcapital employed
Eauthorized capital
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Question 2083
waec1990
The term capital account in international trade includes?
I.foreign investment
II.long-term lending
III. short-term lending
IV.foreign exchange reserve
V.short-term borrowing.
AI & II only
BIII & V only
CII, III & IV only
DI, III & IV only
EII, IV & V only
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Question 2084
waec1990
management can be defined as?
Agetting things done through people
Bimplementation of business decisions
Cthe number of levels in an organisation
Dthe general manager and the employees
Edecision making
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Question 2085
waec1990
a partnership agreement specifying the relationship amongst partners is called?
Aarticle of association
Bmemorandum of association
Cpartnership act
Dpartnership deed
Ecertificate of incorporation
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Question 2086
waec1990
a study to discover consumers preferences and needs is called?
Amarketing
Bconsumer orientation
Cmarket research
Dmarketing mix
Emarket demand
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Question 2087
waec1990
which of the following is an aspect of the marketing concept?
Aproduct orientation
Bsales orientation
Cconsumer orientation
Dmass production
Emass distribution
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Question 2088
waec1990
the authorised capital of a company is also referred to as it's?
Acalled-up capital
Bissued capital
Csubscribed capital
Dnominal capital
Eunissued capital
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Question 2089
waec1990
the main source of income for a limited liability company is?
Abank overdraft
Bgovernment subsidy
Cundistributed profit
Dbank loan
Eshare subscrptions
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Question 2090
waec1990
to inform the buyer that the goods are in transit,the seller sends him?
