WAEC - Commerce (2020)
1
Answer(B)
all activities in the distribution and exchange of goods and services
2
The types of occupation that a broker belongs to is?
3
A form of money which was not used in the early days to trade is?
4
Which of the following activities is not an example of the extractive industry?
5
The factor of production which bear all the risk of the business is?
6
production is complete when product reach the?
7
A partner whose name is used to boost the image of the business and does not contribute capital is a?
8
One advantage of sole proprietorship is that?
Answer(B)
decisions are made promptly
9
A business unit in which savings of members are lent to others is a?
Answer(C)
credit and thrift society
10
The document issued to a public company allowing it to commence business is the?
11
Which of the following is not a function of a consumer association?
Answer(A)
ensuring that consumers buy quality goods
12
An association formed by computer distributors to safeguard and promote their interest is a?
13
The issue of prospectus by a company is an invitation to members of the public to?
Answer(A)
subscribe to the company`s shares
14
Examples of currents assets are?
15
When the cost of sales is divided by the average stock, the result is?
16
The part of issued share capital that the company has asked the subscribers to pay for is?
17
The last link in a channel of distribution is the?
18
The difference between a country`s imports and exports of goods in a particular year is?
19
Goods brought into the country for sale are the country`s?
20
A feature of supermarkets which distinguishes it from other large scale retail outlets is that items sold are?
21
One advantage of small scale retail outlet is?
Answer(D)
personal attention to customers
22
A discount deducted from the invoice price of goods to enable the retailer to make profit is?
23
A document issued by the seller`s own courier and signed by the customer to acknowledge receipt of the goods is?
24
A request for goods from another country by an importer would be made using?
25
The right to buy or sell stock exchange with a stipulated period is?
26
The share value stated on a share certificate is?
27
The bank which acts as the lender of last resort is the?
28
The issue of shares which allows existing shareholders to buy shares at a preferential price is?
29
The financial market where existing shares and bonds are bought and sold is the?
30
An insurance policy which is not a contract of indemnity is?
31
When a company insures the lives of all its employees collectively, the policy is?
32
A cheque that could be cashed over the counter by the payee is?
33
A specially-designed mode of transport for conveying liquid and gas is a?
34
The safe keeping of goods produced until they are needed is?
35
One of the objectives of the niger basin commission is to?
Answer(B)
impose tariff and quota on non-members
36
A paid presentation about a product with a view to encouraging by an identified sponsor is?
37
The face-to-face meeting of the seller with the buyer for the purpose of making sales is?
38
The activity which improves the appearance of a product and also aimed at protecting it is?
39
Which of the following is not a component of the marketing mix?
40
The marketing term which regards the consumer as king that must be satisfied is?
41
An agreement that is enforceable in law is?
42
A contract will not be discharged through?
43
A person engaged for the purpose of bringing his principal and a third party into a contractual relation is?
44
The additional commission paid to agents for guaranteeing payment is?
45
The transfer of ownership of a business from government to the public is?
