WAEC - Commerce (2016)
1
where a number of insurance companies are liable under one policy, the principle applicable is ?
2
Buying and selling stocks in the stock exchange in anticipation of changes in the share price is?
3
Another name for a dishonoured cheque is?
4
which of the folloing is an example of life insurance
5
The main concern of commerce is?
Jawab(B)
buy and sell goods and services
6
The organized efforts of consumers to protect themselves against the unfair practices of businessmen is?
7
which of the following legislations aims primarily at protection of consumers
8
in a law of contract, a counter offer operates as?
9
An economy policy which encourages governement ownership of business is called?
10
lack of permanent record for the message reciever is a disadvantage of?
11
which of the following occupations are classified under the extractive industry
(i) cattle rearing, lumbering and farming
(ii) mining, quarrying and hunting
(iii) ship building, road construction and iron bending
(iv) singing, dancing and tailoring
12
which of the following allows a drawer of a document to correct any error
13
The value of current assets is?
14
what is the value of working capital
15
the value of fixed assets
16
A clean bill of lading is so called because?
Jawab(D)
it shows no record of damaged goods
17
when an importer has been overcharged for goods supplied, the exporter issues him with a?
18
fidelity guarantee insurance is a cover against loss arising from
19
when a cheque is paid on a bank on which it is drawn, the cheque is
20
The process of buying, selling and distribution of goods and services is
21
Risk bearing in a business organisation is a function of the?
22
the worth of a life assurance policy before its maturity date is?
23
one disadvantage of advertising is that it
24
The business unit that applies the principle of one man one vote is?
25
the water corporation is an example of a?
26
A partnership is dissolved due to?
27
A document that contains the relationship between the company and outsiders is?
Jawab(B)
memorandum of association
28
An organisation formed mainly by traders and manufacturers to cater for interest for interest of members is?
29
An insurance broker is involved in?
30
An agreement that is enforceable in law is?
31
the size of an enterprise is determined by?
Jawab(C)
amount of capital invested
32
which of the following functions is not performed by trade association?
33
The fees charged on postal oder by the post office is?
34
the document issued by a warehouse keeper for goods taken into the store is?
35
which of the following is a verbal means of communication
36
the production of goods in anticipation for demand is made possible by?
37
Regarding the consumer as the king who must be satisfied, the main emphasis is of?
38
which of the following is a concept of marketing
39
the component of marketing mix that is put in a consumable form to satisfy the consumer is
40
goods become the property of the buyer on the transfer of liability and possession without immediate payment under the?
41
the value at which one country obtains another country's currency is?
42
specializing in the sale of one line of goods is the main feature of?
43
one objective of the European Union is to?
Jawab(C)
eliminate all tariffs and quotas among member countries
44
which of the following person is a part of a business internal environment
45
a person or firm to whom money is owed is?
