WAEC - Commerce (2017)

  • 1
    commercial activities recieved a great boost in west A frica due to contact with?
    Răspuns
    (B)
    Europeans
  • 2
    The job of the polic in keeping law and order in the society is?
    Răspuns
    (B)
    an indirect service
  • 3
    A business which becomes insolvent may result in 
    Răspuns
    (C)
    liquidation
  • 4
    which of the follwing does not belong to the extractive occupation?
    Răspuns
    (B)
    carving
  • 5
    The major division of commerce are?
    Răspuns
    (D)
    trade and auxiliaries to trade
  • 6
    A memorandum of association is a document 
    Răspuns
    (A)
    defining a company's relationship with the public
  • 7
    The main purpose of branding is to?
    Răspuns
    (C)
    differentiate goods from other similar goods
  • 8
    The facility which is not provide by the port authority is?
    Răspuns
    (C)
    tarmac
  • 9
    A cheque could be dishonoured as a result of?
    Răspuns
    (B)
    insufficient fund
  • 10
    when a company sells shares to existing shareholders at preferential rate, this is
    Răspuns
    (A)
    a right issue
  • 11
    The conversion of raw materials into finished goods is performed by?
    Răspuns
    (D)
    the manufacturing industry
  • 12
    which of the following is not a factor of production
    Răspuns
    (C)
    exchange
  • 13
    what is the average stock
    Răspuns
    (C)
    D6,000
  • 14
    What is the cost of goods sold
    Răspuns
    (D)
    D28,000
  • 15
    What is the rate of stock turnover.
    Răspuns
    (C)
    4.7 times
  • 16
    which of the following is a source of short term capital. 
    Răspuns
    (A)
    trade credit
  • 17
    The most suitable channel for the sale of an aircraft is?
    Răspuns
    (D)
    manufacturer - consumer
  • 18
    The duty payable on goods produced locally iis
    Răspuns
    (B)
    excise duty
  • 19
    An overdraft is granted to holders of?
    Răspuns
    (D)
    current accounts
  • 20
    The amount of capital used in the day-to-day running of a company is?
    Răspuns
    (A)
    working capital
  • 21
    an example of an invisible item of trade is?
    Răspuns
    (B)
    shipping
  • 22
    in a hire purchase agreement, the buyer is the 
    Răspuns
    (B)
    hirer
  • 23
    which of the following terms is not used in price qoutation for goods
    Răspuns
    (A)
    E. & O,E
  • 24
    Mr ojo paid Noak the sum of N3,000 for a piece of land without signing a deed of sale. the lement of contract which is lacking is?
    Răspuns
    (B)
    formality
  • 25
    which of the following documents is used in home trade only
    Răspuns
    (C)
    certificate of origin
  • 26
    the central bank carries out its monetary policy through?
    Răspuns
    (D)
    bank rates
  • 27
    the expert reponsible for the calculation of prabability of risk in insurance is?
    Răspuns
    (A)
    an actuary
  • 28
    A disadvantage of rail transport is that?
    Răspuns
    (C)
    it is not flexible
  • 29
    the advertising medium that makes only audio impression is 
    Răspuns
    (B)
    radio
  • 30
    A speculator in the stock exchange market who sells securities in anticipation of a fall in their prices
    Răspuns
    (C)
    bear
  • 31
    which of the following activities is aimed at closing sales.
    Răspuns
    (D)
    advertising
  • 32
    a machine supplied by a post office to an organisation to imprints stamps on their letters is?
    Răspuns
    (D)
    franking machine
  • 33
    An agreement between two people which can be  enforced is?
    Răspuns
    (A)
    a warranty
  • 34
    the marketing mix element which ensures that goods are available where and when needed is? 
    Răspuns
    (A)
    place
  • 35
    an example of a computer output device is a?
    Răspuns
    (C)
    monitor
  • 36
    ocean liners are vessels that?
    Răspuns
    (A)
    sail at schedule time on fixed routes
  • 37
    The process of placing the right people in the right position in an organisation is?
    Răspuns
    (C)
    staffing
  • 38
    The right of an unpaid seller doesnt include?
    Răspuns
    (A)
    declaring the buyer bankrupt
  • 39
    The coming together of people who engage in trade and industry in a particular area is?
    Răspuns
    (C)
    a chamber of commerce
  • 40
    The term which enjoins a buyer to examine goods thoroughly before making payment is?
    Răspuns
    (D)
    caveat emptor
  • 41
    which of the following is not a tool for sale
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    (C)
    competition
  • 42
    The organisation of local and international trade fairs is the responsibilty of
    Răspuns
    (C)
    chamber of commerce
  • 43
    under the principle of subrogation, the insurer has the right to?
    Răspuns
    (C)
    take over any legal rights of the insured
  • 44
    the law that protects a musician's work from piracy is?
    Răspuns
    (B)
    copyright law
  • 45
    which of the following countries is a member of the lake chad basin commission
    Răspuns
    (B)
    Cameroon