WAEC - Commerce (2001)
1
Which of the following best describes commerce?
Хариулт(B)
Buying, selling and distribution and services
2
hose who are engaged in exploiting natural resources are in?
3
Which of the following classified under production?
4
The mark-up of a retailer represents the?
5
The number of times the average stock of a business is sold within a given period is?
6
Branding is an aspect of marketing mix associated with?
7
Which of the following business must have at least one member with unlimited liability?
8
Which of the following is a feature of sole proprietorship?
9
Which of the following is most appropriate for a "Cash with order" terms of sale?
10
Which of the following is used to advertise of a company?
11
Which of the following is used to advertise of a company?
12
Which of the following requires a certificate of trading to start business?
13
A business firm which controls more than half of another firm's equity is a?
14
Which of the following is an example of itinerant trading?
15
Which of the following is not an objective of ECOWAS?
Хариулт(D)
Promoting a common language
16
The expert who calculates premium for an insurance policy is?
17
Which of the following means restoring the issue to position he was just before the loss occurred
18
Which of the following is not a means of payment in foreign trade?
19
The act of keeping products in good condition until they are needed is?
20
A person which decides what to produce and combines the other factors of production is the?
21
The authority given to a bank to make regular payments on behalf of a customer for a specified purpose is known as?
22
A bundle of shares is called?
23
Agriculture operative banks are best classified under?
24
Which of the following is a creditor legally bound to accept for settlement of a debt?
25
Which of the following is a creditor legally bound to accept for settlement of a debt?
26
All human efforts geared towards the production of goods and services is?
27
Which of the following abbreviations indicates that the seller reverse the right to correct errors on the invoice
28
A document from a seller which corrects an under-charge on a buyer's account is known as?
29
A price quotation that covers the cost of goods and all other expenses incurred in delivering the goods to the buyer is called?
30
An agent who takes possession of goods and sells in his own name is known as?
31
An agent who takes possession of goods and sells in his own name is known as?
32
The extra commission for pledging full settlement of the wholesaler to the manufacturer?
33
Which of the following is not used to correct adverse balance of payment?
34
When a bill is paid before its date at a lesser value, it is?
35
Which of the following is not a function of the ports Authority?
Хариулт(C)
Providing warehouse services
36
The portion authorized capital made available to the public for subscription is?
37
A specially designed container to convey crude oil or liquid from another location to another is a?
38
Which of the following is not a marketing function?
39
Which of the following is not feature of a department store?
40
Which of the following is a function of a warehouse?
41
The term "21/4%40 days"refers to?
42
The turnover of a company will improve if the company increases?
43
An association businessmen including manufacturers, traders, bankers and people engaged in business in an area is known as?
44
Product pricing, distribution and promotions are elements of?
45
The greatest advantage of air transport over all other means of transport is it's?
