by Sunday | Aug 8 | Economics WAEC
A. the owners are not responsible for all its financial debts B. all its profits can be taxed by the government C. the owners are responsible for all its financial debts D. all its assets belong to the members of its board of directors E. it ceases to exist at the...
by Sunday | Aug 8 | Economics WAEC
A. increase the price of goods and services at will B. Sell in small units only C. Store goods in a warehouse that are not spacious enough D. Sell on credit to retailers only E. Do not advertise their goods Correct Answer: Option A – increase the price of goods...
by Sunday | Aug 8 | Economics WAEC
A. Wholesalers B. Retailers C. Consumers D. Government agencies E. Cooperative societies Correct Answer: Option C – Consumers
by Sunday | Aug 8 | Economics WAEC
A. provide an alternative to carrying large sums of money around B. can be written out for any amount needed C. are legal tender D. provides a form of receipt E. provide a record of payment made Correct Answer: Option C – are legal...
by Sunday | Aug 8 | Economics WAEC
A. fixed and variable B. implicit and explicit C. average and total D. capital and running E. money and opportunity Correct Answer: Option A – fixed and variable
by Sunday | Aug 8 | Economics WAEC
A. it helps in the assessment of standard of living B. it is calculated as National Income Population C. It is calculated as Population National Income D. It is used by the UNO to assess and assist developing countries E. It is used as one of the indicators of...
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