WAEC Past Questions and Answers - Page 476

2,376.

Which of the following is concerned with obtaining raw materials from their natural locations?

A.

Extractive industry

B.

Manufacturing industry

C.

Construction industry

D.

Transport industry

E.

Engineering industry

Correct answer is A

No explanation has been provided for this answer.

2,377.

Commerce developed as a result of?

A.

speculation

B.

competition

C.

specialization

D.

importation

E.

exportation

Correct answer is C

No explanation has been provided for this answer.

2,378.

The sole purpose of production is?

A.

employment

B.

promotion

C.

consumption

D.

competition

E.

enterprising

Correct answer is C

No explanation has been provided for this answer.

2,379.

The tendency for firms and individuals to concentrate on the activity which is of most advantage of them is known as?

A.

decentralization

B.

diversification

C.

commercialization

D.

specialization

E.

rationalization

Correct answer is D

No explanation has been provided for this answer.

2,380.

Which of the following is a commercial service?

A.

Transporting

B.

Garri processing

C.

Oil drilling

D.

Lumbering

E.

Tailoring

Correct answer is A

No explanation has been provided for this answer.