WAEC Past Questions and Answers - Page 458

2,286.

The form of advertising which aims at wining the market for one particular brand is known as?

A.

informative advertisement

B.

generic advertisement

C.

persuasive advertisement

D.

competitive advertisement

E.

direct advertisement

Correct answer is D

No explanation has been provided for this answer.

2,287.

The outright purchase of one company by another is called?

A.

absorption

B.

merger

C.

cartel

D.

acquisition

E.

privatization

Correct answer is D

No explanation has been provided for this answer.

2,288.

The reward of land as a factor of production is known as?

A.

interest

B.

rent

C.

profit

D.

wages

E.

toll

Correct answer is B

No explanation has been provided for this answer.

2,289.

An agreement whereby the seller transfers the title to goods at a price is called?

A.

contract of sale

B.

a hire-purchase agreement

C.

an agency agreement

D.

a contract of carriage of goods

E.

haggling

Correct answer is A

No explanation has been provided for this answer.

2,290.

Who is liable for the contact entered into by the agent on behalf of his principal? The

A.

agent

B.

principal

C.

agent and the principal

D.

third party

E.

lawyer who drew up the agreement

Correct answer is B

No explanation has been provided for this answer.