WAEC Past Questions and Answers - Page 497

2,481.

A number of shops under one roof is the feature of a?

A.

supermarkets

B.

chain stores

C.

department store

D.

mail order business

E.

shopping centre

Correct answer is C

No explanation has been provided for this answer.

2,482.

A business is in existence primarily to?

A.

make profit

B.

provide goods amd services

C.

provide employment

D.

complete with others in business

E.

sell goods at reasonable prices

Correct answer is A

No explanation has been provided for this answer.

2,483.

Which of the following statements best describes net profit? The excess of

A.

total revenue over total expenditure

B.

total capital income over expenditure

C.

sales over purchases

D.

total capital formation over capital consumption

E.

total expenditure over total revenue

Correct answer is A

No explanation has been provided for this answer.

2,484.

When Peter advised Christians to abstain from the passions of the flesh, he meant

A.

The physical ailments of Christians

B.

Christian virtues

C.

Immoral and carnal behaviours

D.

Criminal thoughts

E.

Resort to medical treatments

Correct answer is C

No explanation has been provided for this answer.

2,485.

Which of the following is sent as a reply to an inquiry?

A.

Tender

B.

Estimate

C.

Statement

D.

Advice note

E.

Quotation

Correct answer is E

No explanation has been provided for this answer.