WAEC Past Questions and Answers - Page 529

2,641.

Which of the following convert raw materials into finished goods?

A.

Extractive industry

B.

Manufacturing

C.

Commercial occupation

D.

Constructive industry

E.

Tertiary industry

Correct answer is B

No explanation has been provided for this answer.

2,642.

The practice of employing specialists in relevant occupation is a feature of?

A.

subsistence economy

B.

mobility of labour

C.

mixed economy

D.

exchange economy

E.

division of labour

Correct answer is E

No explanation has been provided for this answer.

2,643.

The process of buying and selling and distribution of goods and services is known as?

A.

retail trade

B.

commerce

C.

marketing concept

D.

marketing mix

E.

wholesale trade

Correct answer is B

No explanation has been provided for this answer.

2,644.

An insurance broker is involved in?

A.

manufacturing occupation

B.

distributive occupation

C.

commercial occupation

D.

extractive occupation

E.

constructive occupation

Correct answer is C

No explanation has been provided for this answer.

2,645.

Paper money originated in form of receipt given by?

A.

money lenders

B.

goldsmiths

C.

bankers

D.

traders

E.

thrift societies

Correct answer is B

No explanation has been provided for this answer.