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WAEC - Commerce (2018)

1
A document through which invitation is extended to the public to subscribe to shares is?
Answer
(C)
prospectus
2
Activities which fascilitates commerce include
Answer
(D)
improving road network
3
A person authorized to sell the property of a company in a winding up is 
Answer
(C)
a liquidator
4
one example of of a product of a construction industry is a
Answer
(A)
chair
5
one disadvantage of a sole proprietorship is?
Answer
(B)
unlimited liability
6
which of the following is a source of short term finance
Answer
(B)
overdraft
7
The portion of share capital which the company has asked shareholder to pay is?
Answer
(A)
called-up capital
8
multilateral trade is carried out 
Answer
(C)
among many countries
9
An association of businesses engaged in both trade and industry is a?
Answer
(D)
chamber of commerce
10
which of the following statement is true of a debenture?
Answer
(A)
its holders receive interest
11
The path through which a product moves from the manufacturer to the consumer is a?
Answer
(D)
channel of distribution
12
If the opening stock of Ali ltd is N40,000, the cost of goods sold is N48,000 and the closing stock is N24,000, its rate of turnover will be?
Answer
(B)
1.5 times
13
A business which requires a certificate of trading in order to commence operation is a? 
Answer
(D)
public company
14
Exchange of goods in international market which does not involve the use of money is a
Answer
(C)
counter trade
15
which of the following features is not associated with a chamber of commerce? it is 
Answer
(A)
democratically administered
16
The reason for sending a proforma invoice to a potential customer is that it is?
Answer
(D)
a polite way of refusing to sell on credit
17
The insurance policy taken to cover dishonesty of account personnel of an organisation is? 
Answer
(B)
fidelity guarantee
18
which of the following documents is used when goods are being sent by a common carrier
Answer
(A)
delivery note
19
A put option in the stock exchange is an option
Answer
(A)
to sell
20
The functions of money do not include
Answer
(C)
double coincidence of wants
21
A document of title to goods written by the ship owner specifying that certain goods are being conveyed in the ship is the?
Answer
(D)
bill of lading
22
informative advertisig is aimed at?
Answer
(A)
giving advice on the use of a product
23
A cheap means of carrying bulky goods over long distance is by?
Answer
(A)
rail
24
A contract terminated by the occurence of an event which makes performance impossible is discharged by? 
Answer
(C)
frustration
25
An individual  employed to act on behalf of another within a specified guideline is?
Answer
(B)
an agent
26
which of the following is not a component of the marketing mix
Answer
(C)
population
27
A method of buying in anticipation of price fluctuation in the commodity market is?
Answer
(A)
speculation
28
A shipping document detailing the charges for carrying a particular cargo for a specified voyage is?
Answer
(B)
freight note
29
commercial agents who are authorized to keep goods untill they are sold are?
Answer
(A)
factors
30
An advertisement method whose objective is to convince customers to buy a product  is?
Answer
(B)
persuasive advertising
31
A government legislation which ensures that quality goods and services are available  to customers is?
Answer
(D)
standard organisation act
32
a bank draft is a cheque drawn by a bank on?
Answer
(B)
itself
33
which of the following functions is not performed by the export promption council
Answer
(B)
provision of credit facilities to exporters
34
Activities undertaken to creat awareness of a product by giving out samples or gifts is?
Answer
(D)
sales promotion
35
an advantage of privatizing a firm is that it?
Answer
(A)
becomes more efficient
36
a transfer of authority from a superior officer to his subordinate in an organisation is?
Answer
(C)
delegation
37
The provision of scholarship by a firm to needy students is part of its?
Answer
(C)
social responsibility
38
The provision of scholarship by a firm to needy students is part of its?
Answer
(C)
social responsibility
39
How many countries form ECOWAS
Answer
(C)
15
40
which of the following is the modern means of communication
Answer
(B)
email
41
A company is qouted on the stock exchange when its shares are?
Answer
(C)
listed for sale on the exchange
42
A system of issueing new shares to selected investors instead of the general public is?
Answer
(D)
private placement
43
one of the aims of the European union is to?
Answer
(A)
ease trade among member countries
44
the time allowed for loading and unloading a ship at the harbour is?
Answer
(C)
lay days
45
The inter bank indebtedness is settled at the 
Answer
(A)
clearing house