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Which of the following carries the bulk of goods involved in foreign trade?
ACargo planes
BCargo liners
CTramp vessels
DSteam ship
ETankers
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Question 33
waec1994
Which of the following is an example of a commercial occupation?
AWrestling
BWelding
CShipping
DBrick laying
ETailoring
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Question 34
waec1994
An establishment that specializes in taking care of risks is called?
Aa hire-purchase company
Ban accepting house
Can insurance company
Da finance company
Ea confirming house
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Question 35
waec1994
An association of firms, producing similar commodities, formed in order to keep up prices by restricting output is called?
Aa chamber of commerce
Ba customs union
Can amalgamation
Da cartel
Ea combination
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Question 36
waec1994
The most acceptance and convenient means of payment in foreign trade is?
Aletter of credit
Bbank-draft
Ctelegraphic money order
Dpromissory note
Ebill of exchange
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Question 37
waec1994
A cheque does not contain?
Acheque number
Bcashier's signature
Cpayee's name
Ddrawer's name
Edate of issue
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Question 38
waec1994
Which of the following relies on the government for its initial capital?
ACo-operative Society
BPrivate Limited Company
CPublic Corporation
DPublic Limited Company
ECredit and Thrift Society
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Question 39
waec1994
Which of the following is not used by the Central Bank to restrict lending by commercial banks?
AManagement of national debt
BReserve Requirement
COpen Market Operations
DSpecial Deposit
ECash ratio
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Question 40
waec1994
An agreement between two parties which can be enforced is called?
Aan agency
Ba contract
Ca consideration
Dan offer
Ea warranty
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Question 41
waec1994
A business that has no upper limit to the number of owners is?
Apartnership
Bprivate company
Cpublic corporation
Dfinance company
Epublic limited company
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Question 42
waec1994
Capital owned is the same as?
Aauthorised capital
Bissued capital
Cnet worth of a business
Dfixed assets of a business
Epublic limited company
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Question 43
jamb1994
A company earned a total revenue of N108 million with a total cost of N91 million in 1991. If it paid 45% tax on its gross profit for that year, determine its net profit.
AN24.65 million
BN17.00million
CN9. 35 million
DN7.65million
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Question 44
jamb1994
What is the working capital as at December 31,1992?
AN 65 250
BN60 000
CN 48 650
DN 41 950
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Question 45
jamb1994
The lake Chad Basin commission was founded to enable member states
Aexpand the volume of water in the lake for fishing activities
Bincrease navigational activities on the lake
Cdam the lake for electricity and agricultural purposes
Dco-ordinate their efforts in managing the use of the lake's resources
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Question 46
jamb1994
The West African clearing House became legally operational on
A1st july, 1976
B25th june, 1975
C14th march, 1975
D3rd may, 1974
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Question 47
jamb1994
When an oil exploring and mining company builds a health center in one of the communities where it operates, such a company is
Acurrying favour from local people
Bfinding a way to spend resonsibility
Cfulfilling part of its social responsibilty
Dinvest its idle funds
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Question 48
jamb1994
The use of computer in modern banking industry is a reflection of
Acompetitive development
Bscientific development
Ceconomic development
Dtechnological development
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Question 49
jamb1994
Which of the following makes other functions of business its appendages?
Aproduction
Bmarketing
Cfinance
Dpersonnel
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Question 50
jamb1994
The principle of span of control stipulates that
Aan employee should report to only one superior
Bmanager must demand accountability from their surbordinates
Cresources have to be economized within the various division
Dthe number of employee reporting to one superior should be kept to workable maximum
