WAEC - Commerce (2018)
1
A document through which invitation is extended to the public to subscribe to shares is?
2
Activities which fascilitates commerce include
3
A person authorized to sell the property of a company in a winding up is
4
one example of of a product of a construction industry is a
5
one disadvantage of a sole proprietorship is?
6
which of the following is a source of short term finance
7
The portion of share capital which the company has asked shareholder to pay is?
8
multilateral trade is carried out
9
An association of businesses engaged in both trade and industry is a?
10
which of the following statement is true of a debenture?
Svar(A)
its holders receive interest
11
The path through which a product moves from the manufacturer to the consumer is a?
12
If the opening stock of Ali ltd is N40,000, the cost of goods sold is N48,000 and the closing stock is N24,000, its rate of turnover will be?
13
A business which requires a certificate of trading in order to commence operation is a?
14
Exchange of goods in international market which does not involve the use of money is a
15
which of the following features is not associated with a chamber of commerce? it is
Svar(A)
democratically administered
16
The reason for sending a proforma invoice to a potential customer is that it is?
Svar(D)
a polite way of refusing to sell on credit
17
The insurance policy taken to cover dishonesty of account personnel of an organisation is?
18
which of the following documents is used when goods are being sent by a common carrier
19
A put option in the stock exchange is an option
20
The functions of money do not include
Svar(C)
double coincidence of wants
21
A document of title to goods written by the ship owner specifying that certain goods are being conveyed in the ship is the?
22
informative advertisig is aimed at?
Svar(A)
giving advice on the use of a product
23
A cheap means of carrying bulky goods over long distance is by?
24
A contract terminated by the occurence of an event which makes performance impossible is discharged by?
25
An individual employed to act on behalf of another within a specified guideline is?
26
which of the following is not a component of the marketing mix
27
A method of buying in anticipation of price fluctuation in the commodity market is?
28
A shipping document detailing the charges for carrying a particular cargo for a specified voyage is?
29
commercial agents who are authorized to keep goods untill they are sold are?
30
An advertisement method whose objective is to convince customers to buy a product is?
31
A government legislation which ensures that quality goods and services are available to customers is?
Svar(D)
standard organisation act
32
a bank draft is a cheque drawn by a bank on?
33
which of the following functions is not performed by the export promption council
Svar(B)
provision of credit facilities to exporters
34
Activities undertaken to creat awareness of a product by giving out samples or gifts is?
35
an advantage of privatizing a firm is that it?
36
a transfer of authority from a superior officer to his subordinate in an organisation is?
37
The provision of scholarship by a firm to needy students is part of its?
38
The provision of scholarship by a firm to needy students is part of its?
39
How many countries form ECOWAS
40
which of the following is the modern means of communication
41
A company is qouted on the stock exchange when its shares are?
Svar(C)
listed for sale on the exchange
42
A system of issueing new shares to selected investors instead of the general public is?
43
one of the aims of the European union is to?
Svar(A)
ease trade among member countries
44
the time allowed for loading and unloading a ship at the harbour is?
45
The inter bank indebtedness is settled at the
