by Sunday | Mar 15 | Commerce WAEC
A. reach the final user B. are used for manufacturing C. are packed and labelled D. are sold to the middlemen Correct Answer: Option A A. reach the final user Explanation The production process is concerned with transforming a range of inputs/ raw materials into...
by Sunday | Mar 15 | Commerce WAEC
A. economic responsibility B. marketing responsibility C. social responsibility D. managerial responsibility Correct Answer: Option C C. social responsibility Explanation Social responsibility is an ethical framework and suggests that an entity, be it an organization...
by Sunday | Mar 15 | Commerce WAEC
A. a specific tax B. an ad valorem tax C. value-added tax D. direct tax Correct Answer: Option C C. value-added tax Explanation Value-added tax is a tax on the amount by which the value of an article has been increased at each stage of its production or distribution....
by Sunday | Mar 15 | Commerce WAEC
A. banker B. guarantor C. debtor D. creditor Correct Answer: Option D D. creditor Explanation A creditor is a party that has a claim on the services of a second party. It is a person or institution to whom money is...
by Sunday | Mar 15 | Commerce WAEC
A. employee B. supplier C. creditor D. customer Correct Answer: Option A A. employee Explanation The Internal Environment. An organization’s internal environment is composed of the elements within the organization, including current employees, management, and...