WAEC Past Questions and Answers - Page 2633

13,161.

Which of the following is not a stage in product development?

A.

Idea generation

B.

Concept development

C.

Product differentiation.

D.

Market analysis

Correct answer is C

No explanation has been provided for this answer.

13,162.

A system of government which is based on the public ownership of means of production and distribution is called

A.

welfarism

B.

socialism

C.

feudalism

D.

authoritarianism

Correct answer is B

No explanation has been provided for this answer.

13,163.

A system in which people contribute for the welfare of their community can be described as

A.

Communalism

B.

Socialism

C.

Communism

D.

Capitalism

Correct answer is A

No explanation has been provided for this answer.

13,164.

Which of the following is a source of fund that a limited liability company will not pay back?

A.

Debenture

B.

Ordinary shares

C.

Overdraft

D.

Bank loans

Correct answer is B

No explanation has been provided for this answer.

13,165.

Which of the following best describes totalitarianism?

A.

Extreme decentralization

B.

Excessive centralization of power

C.

Devolution of power

D.

Delegation of power

Correct answer is B

No explanation has been provided for this answer.