ANSWERS TO REVISION QUESTIONS
Hey Everyone, How you doing. LOLZ, I hope
this wasn't hard to figure out. I hope it was easy to get the answers to the
Questions we had this past weeks. It's fun to test ourselves and know where to
improve on and what we are really good at. Today, we are answering them
together, So Good luck!!!!
1. B- Distribution and Exchange of Goods and
Services.
2. B- Assists in Raising Capital.
3. B- Creation of Utilities.
4. C- Labour.
5. D- Extractive Occupation.
6. C- Packaging.
8. B- Debit Note for N500.
9. A- Multilateral Trade.
10. B- Demurrage.
11. Hire Purchases.
12. A- Contract of Sale.
13. A- Enable the Goods to be Checked on
Arrival.
14. C- Tied Shop.
15. C- Payment of Tax.
16. A- Packaging and Branding.
17. A- Keeping them informed of the Demands
of Consumers.
18. D- Home Trade.
19. C- Partnership Deed.
20. D- Increase of Excise duty.
21. D- Mail Order Business.
22. A- Sole Proprietorship.
23. C- Customs Drawback.
24. B- Catalogues.
25. B- Status Enquiry.
26. D- Certificate of Incorporation.
27. C- Limited Liability Company.
28. B- Premium.
29. C- Gross Profit - Expenses.
30. A- Liner.
31. A- Ferries.
32. A- Television.
33. A- Brings Confusion on the Choice of
Goods.
34. D- Newspaper.
35. D- Current Assets - Current Liabilities.
36. D- Stale.
37. B- Co-operative Society Member.
38. D- Receive Interest.
39. D- The People who represent a
Cross-section of Business Interests in a Town.
40. D- Trade Union.
41. C- Implementing Government Regulations.
42. D- Discourages Foreign Investment.
43. D- Nationalization.
44. B- ECOWAS.
45. A- Bears.
46. B- When the Market is concentrated.
47. D- D4, 900, 000 (100, 000 X 0.5= D50,
000)
Dividend= 10% x 50, 000
Receivable 5, 000
Tax at 2% (100)
Net Return 4,
900.
48. B- Bricklaying.
49. C- Labour.
NOTE: THE ANSWERS IN THIS POST ARE CULLED FROM WAEC 2008 & JAMB
2012 PAPERS. THANKS
This brings us to the end of today's session.
Hope this was very helpful to you, leave a comment of what you think of this tutorial
and I hope you got some correctly but if not keep at it, practice would make
you Perfect and Flawless. Have a Blessed Day and Remember You are Amazing. God
Bless.
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