WAEC Commerce Past Questions & Answers - Page 83

411.

Who among the following is a middlemen?

A.

Manufacturer

B.

Agent

C.

Insurer

D.

Consumer

Correct answer is B

No explanation has been provided for this answer.

412.

The process of taking over the management and control of a privately owned business by government is

A.

indigenization

B.

nationalization

C.

participation

D.

privatization

Correct answer is B

No explanation has been provided for this answer.

413.

It is safer and quicker to transport petrol and gas by

A.

rail

B.

road

C.

pipeline

D.

air

Correct answer is C

No explanation has been provided for this answer.

414.

In a limited partnership, one of the members must be

A.

a general partner

B.

a nominal partner

C.

an active partner

D.

a dormant partner

Correct answer is A

No explanation has been provided for this answer.

415.

Demurrage is paid by a vessel for

A.

overloading

B.

travelling along unplanned route

C.

delaying at the port

D.

not using the services at the wharf

Correct answer is C

No explanation has been provided for this answer.