WAEC Past Questions and Answers - Page 33

161.

The development of trade in West Africa was aided by the

A.

emergence of traditional rulers

B.

arrival of the Portuguese

C.

Introduction of tax payment

D.

introduction of money

Correct answer is B

Portuguese expansion into Africa began with the desire of King John I to gain access to the gold-producing areas of West Africa. The trans-Saharan trade routes between Songhay and the North African traders provided Europe with gold coins used to trade spices, silks and other luxuries from India

162.

When consumers engage in actions that express dissatisfaction with the quantity, price and quality of goods available, such action is termed

A.

Consumer behaviour

B.

Consumerism

C.

Consumer education

D.

Consumer orientation

Correct answer is B

Consumerism is a modern movement for the protection of the consumer against useless, inferior, or dangerous products, misleading advertising, unfair prices etc

163.

The essence of adopting marketing concept by a firm is the recognition that goods and services have no values unless they are

A.

desirable to customers

B.

company oriented

C.

beautifully packaged

D.

profit oriented

Correct answer is A

No explanation has been provided for this answer.

164.

A false statement made by one party with an intention of inducing to enter into a contract with him is known as

A.

misrepresentation

B.

legal capacity

C.

consensus ad idem

D.

consideration

Correct answer is A

A misrepresentation is a false statement of fact made by one party which affects the other party's decision in agreeing to a contract.

165.

Which of the following is not a member of the Lake Chad Basin Commission

A.

Nigeria

B.

Chad

C.

Gabon

D.

Cameroun

Correct answer is C

The Lake Chad Basin Commission (LCBC) was established on 22nd of May 1964 by the four countries that border Lake Chad: Cameroon, Niger, Nigeria and Chad.