WAEC - Commerce (2015)
1
The practice of giving a particular name to a product by a manufacturer is
2
An extra commission paid to an agent who guarantees credit sales made by him is?
3
A professional in insurance who evaluates the level of loss claims is
4
The insurance services rendered to a foreign shipping company are treated as?
5
Dividing the market for a product according to potential buyers who have common characteristics is?
6
Which of the following aids to trade facilitates production ahead of demand
7
When a government acquires business enterprises formerly owned by individuals, it is termed?
8
How many countries make up the River Niger Basin commission
9
Which of the following means of payment makes the bank both the drawer and drawee
10
An association that protects the interest of members in the same line of business is?
11
The value of bamidele authorized share capital is?
12
Which of the following aids to trade is used to stimulate demand for goods
13
The term consumer sovereignty means that?
14
Which of the following activities is classified under extractive industry?
15
calculate the gross profit by BYX Enterprise
16
what is the rate of turnover by BYX Enterprise
17
which of the following workers is engaged in construction occupation
18
A cheque which the bank refused to pay because the drawer had insufficient funds in his account is?
19
which of the following is a function of the retailer to the wholesaler
Answer(B)
providing information on market trends
20
The term utmost good faith in insurance means?
Answer(A)
both the insured and insurer must disclose all information
21
Which of the following business units enjoys government subsidies
22
Duty drawback refers to duties paid on?
Answer(B)
re-exported goods previously imported
23
The capital used in the day to day running of a business is?
24
Which of the following is classified under current assets
25
The reduction in the value of a country's currency in relation to others is?
26
which of the following is an aspect of marketing concept
27
Retail outlets which sell from specialized vans are called?
28
the practice of selling goods in foreign markets at a price lower than the cost price is?
29
A cheque made payable to a named person is?
30
a house insured against damage by flood was burnt down and the owner had no claim. which of the following principles prevented him from making a claim
31
the market for short term security is called?
32
which of the following principls stipulates that the insured must be in a position to suffer financial loss?
33
when shares are sold ex-div it means the?
Answer(D)
seller has right to the next dividend
34
turnover could be increased by
Answer(B)
advertising and cutting prices
35
commerce started as a result of?
36
which of the following is used for making payments to many people in a single cheque
37
equity interest in a company is represented by?
38
when two insurers are liable under a given common policy, the principle of insurance that applies is?
39
All activities aimed at creation of a good image for an organisation are referred to as
40
which of the following is a disadvantage of foreign trade
41
the study to discover consumers' preference and needs is called
42
a private limited liability company differs from a public limited liability because it
Answer(A)
does not issue its shares to the public
43
which of the following is a disadvantage of retailing
44
A tax charged in proportion to the value of imported goods is?
45
which of the following is a reason for failure of public corporations
