WAEC - Commerce (1994)
1
Capital owned is the same as?
2
A business that has no upper limit to the number of owners is?
3
An agreement between two parties which can be enforced is called?
4
Which of the following is not used by the Central Bank to restrict lending by commercial banks?
Απάντηση(A)
Management of national debt
5
Which of the following relies on the government for its initial capital?
6
A cheque does not contain?
7
The most acceptance and convenient means of payment in foreign trade is?
8
An association of firms, producing similar commodities, formed in order to keep up prices by restricting output is called?
9
An establishment that specializes in taking care of risks is called?
10
Which of the following is an example of a commercial occupation?
11
Which of the following carries the bulk of goods involved in foreign trade?
12
A stock exchange is a market for?
Απάντηση(D)
existing shares of quoted companies
13
Which of the following gives a temporary protection to the insured while the policy is being drawn up?
14
Which of the following is not a function of management?
15
Which of the following is responsible for the welfare of staff in an organisation?
16
Which of the following is not a marketing function?
17
. Which ofthe following is notan aim of advertising? To
18
ln which of the following environments does a firm that uses out-dated equipment operate?
19
Which of the following is sent when credit is not allowed?
20
Which of the following does not determine the form ofa business unit?
21
Agents who link buyers with sellers receive?
22
Which of the following is not a feature of supermarkets?
23
Which of the following is an objective of indigenisation? To
Απάντηση(D)
help citizens participate fully in the economy
24
In which of the following are the objectives of a company stated?
Απάντηση(E)
Memorandum of Association
25
The coming together of firms at different stages of the production process is known as?
26
Who among the following is not a commercial occ?upaation
27
The storing of goods under proper conditions until they are required is a function of?
28
30 Rate of turnover is the?
Απάντηση(D)
. number of times the stock is turned over
29
A postal order, either crossed or open is only valid for a period of?
30
The process of taking over private business by government is known as?
31
Which of the following is not the objective of Consumer Association? To
Απάντηση(C)
prevent fake goods from entering the market
32
Zaico Ltd invoiced goods valued at N80,000 to Victory Ltd for N8,000. Which of the following will Zaico Ltd send to Victory Ltd to correct the error?
33
Which of the following is an example of extractive industry?
Απάντηση(E)
Digging for precious stones
34
The raising of new capital by allowing existing shareholders the privilege to buy shares at preferential rate is called?
35
The raising of new capital by allowing existing shareholders the privilege to buy shares at preferential rate is called?
36
The agreed amount payable to a policy holder when the event insured against occurs is?
37
The rate at which one country”s products are exchanged for the products of another is?
Απάντηση(B)
balance on current account
38
The rate at which one country”s products are exchanged for the products of another is?
39
Which of the following is not performed by the shipping and forwarding agents?
Απάντηση(B)
Collection of payment from the importer
40
A group of trims that produce similar goods or sen/ices is called?
41
Retail outlets which sell from specialised vans are
42
Which of the following is a problem facing mail order business?
Απάντηση(B)
cost of postage and advertisement
43
When the exporter arranges for the dispatch of goods but leaves the cost of transport to be paid by the importer, the price quoted is?
44
The practice of selling goods in foreign countries at lower prices than obtainable in the exporting country is known as?
45
The process of entrusting part of the work of a superior and the corresponding authority to a subordinate in an
organisation is called?
46
Which of the following is not considered by banks when granting loans to customers?
47
Which of the following is not considered by banks when granting loans to customers?
48
A cheque that is drawn on a bank is called?
49
The rebate given to the retailer by the wholesaler to enable him make profit is known as?
50
Who among the following is not involved in foreign trade?
51
The giving of clear instructions and information to all concerned in an organisation to ensure proper understanding of decisions and policies is?
52
Which of the following belongs to the capital market?
53
The rebate given to the retailer by the wholesalerto enable him make profit is known as
54
Who among the following is not involved in foreign trade?
55
Which of the following belongs to the capital market?
56
The giving of clear instructions and information to all concerned in an organisation to ensure proper understanding of decisions and policies?
57
Commerce is not concerned with?
Απάντηση(B)
changing the form ofa product
58
An alternative term for ordinary shares is?
59
The retail of goods through currency operated machines is known as?
60
Any paid form of non-personal presentation of ideas, goods or services by an identified sponsor is known as?
61
The art of achieving stated objectives of a business organisation in a most efficient way through the use of human and material resources is?
62
ECOWAS headquarters is located in?
63
Which of the following encourages free trade among member nations?
64
Which ofthe following refers to the practice ofimporting forre-export?
67
Which of the following is responsible for carrying oiut the monetary policy of a country?
68
Which of the following indicates the manufacturer from whom goods are to be bought?
69
Which of the following is not a branch of commerce?
70
Which of the following is not a branch of Commerce?
