WAEC Commerce Past Questions & Answers - Page 191

951.

Which of the following is not a commercial occupation?

A.

Transportation

B.

Warehousing

C.

Banking

D.

Fishing

Correct answer is D

No explanation has been provided for this answer.

952.

A worker who processed garri is engaged in?

A.

extracting

B.

manufacturing

C.

exchange

D.

constructing

Correct answer is B

No explanation has been provided for this answer.

953.

The scope of commerce is limited to?

A.

home and foreign trade

B.

wholesale and retail trade

C.

trade and aids to trade

D.

wholesale and entrepot

Correct answer is C

No explanation has been provided for this answer.

954.

A voluntary body formed by people in the same line of business is known as?

A.

trade union

B.

trade association

C.

cartel

D.

employers' association

Correct answer is B

No explanation has been provided for this answer.

955.

The process by which government takes over the ownership and control of an existing private business is?

A.

industrialization

B.

privatization

C.

nationalization

D.

commercialization

Correct answer is C

No explanation has been provided for this answer.