WAEC - Commerce (2009)
1
A person who invented a new machine for making beverages may protect his exclusive right by
2
Which of the following occupations comes under the extractive industry?
i. Cattle-rearing, lumbering, farming
ii. Mining, quarrying, hunting
iii. Shipbuilding, road construction, iron bending
iv. Singing, dancing, barbing
3
Which of the following is sent by a supplier who does not want to sell on credit?
4
Retail outlets that have identical store design, layout and stock display are
5
Life assurance premium is determined by the assured's
6
Which of the following is not a contract of indemnity
7
A stale cheque is one on which the date for payment is
8
When an order cheque is endorsed it becomes a
9
The authority given to a bank to make regular payments on behalf of a customer is
10
The taking over of privately owned businesses by the government is called
11
The rate of turnover is the number of times within a given period that
Atsakymas(A)
stock is sold and replaced
12
Which of the following would be used when goods are sent through independent carriers?
13
Which of the following is a feature of sole proprietorship?
14
If a country devalues its currency, there would be
15
Establishing and maintaining mutual understanding between an organization and its customers is known as
16
Which of the following requires a certificate of trading to start business
17
A document through which the public is invited to subscribe to the shares of a company is a
18
The tax paid on goods produced within a country is known as
19
The letters R/D on a cheque shows that the cheque is
20
The mode of conveying liquids and gases through an underground channel is
21
Which of the following is a source of capital to a sole proprietorship?
22
A ship that travels without schedule is called a
23
For overstaying in a port, a ship is charged a fine called
24
Stocks, shares and debentures traded in the stock exchange are called
25
Which of the following is a reduction in the catalogue price?
26
The document which helps to determine the country from where goods were imported is
27
The internal regulations of a limited company are stated in the
28
Which of the following features is common to all retailers
Atsakymas(B)
Selling to the final consumers
29
A private limited company differs from a public limited company because it
Atsakymas(C)
cannot easily transfer shares
30
Exchange is facilitated by
31
Which of the following is not a means of transportation by water
32
The nominal value of kC Ltd's share is 50k and the market value is 70k. This means that the company's shares are selling
33
Those who are engaged in exploiting natural resources are in
34
A sale agreement whereby the buyer takes possession but not title to the goods is
35
Which of the following is not an example of Marine insurance?
36
The owners of a public limited company are?
37
Which of the following justifies the existence of public enterprises
Atsakymas(D)
Providing essential services
38
Who among the following has no voting right?
39
One of the main objectives of International Bank for Reconstruction and Development(IBRD) is to
40
Life assurance premium is determined by the assured's
41
Which of the following is not a function of the commercial bank?
42
The police and the army are engaged in
Atsakymas(B)
indirect service occupation
43
Which of the following are exclusively functions of marketing?
Atsakymas(A)
Buying, pricing, selling and promotion
44
A type of policy where the assured or his dependents will not get anything if he dies within the period of the policy is known as
45
Which of the following note will be sent to a buyer to inform him that the goods he ordered have been dispatched?
