WAEC Past Questions and Answers - Page 504

2,516.

Which of the following shows the financial position of a business on a given date?

A.

Bank statement

B.

Balance sheet

C.

journal

D.

Cash book

E.

Trial Balance

Correct answer is B

No explanation has been provided for this answer.

2,517.

Which of the following is not a problem of distribution, sales and merchandizing?

A.

Transporting goods

B.

Trade malpractices

C.

Pressure of sales

D.

Sales force complacency

E.

Easy payment for purchases

Correct answer is E

No explanation has been provided for this answer.

2,518.

According to Paul’s letter to the Galatians, man ceased to be ‘slave to the elemental spirit of the universe and became ‘children of God’ after

A.

Attaining manhood

B.

Becoming Christians

C.

Redemption by Jesus Christ

D.

Rejecting the righteousness of the law

E.

Receiving the Holy Spirit

Correct answer is C

No explanation has been provided for this answer.

2,519.

Which of the following is not one of the functions of warehousing?

A.

Goods are avaiable where the are required

B.

Goods are stored until the are required

C.

Production takes place ahead of demand

D.

changes are avoided in prices which may result from shortage and gults

E.

Goods are available when required

Correct answer is A

No explanation has been provided for this answer.

2,520.

For continuous existence, a service oriented concern depends on?

A.

liquid assets

B.

middlemen

C.

patronage of consumers

D.

legislation of the ruling political party

E.

staff strength of the concern

Correct answer is C

No explanation has been provided for this answer.