WAEC - Commerce (2019)
1
A firm which turns timber into wooden office desks belongs to the
2
E-commerce is an activity which involves
Cevap(B)
trading in products through the internet
4
A partner whose only contribution to the partnership is his name and goodwill is
5
Computer manufacturers in an area could a form of a
6
The problem of double coincidence of wants is that
Cevap(A)
it is hard to determine the exchange rate of goods
7
The type of business where management is separated from ownership is a
8
Where there is no deed of partnership, members share profit on
9
The factor of production that is fixed in nature is
10
A means of payment through the post office is
11
A stock exchange broker is engaged in
12
A group of companies formed to carry out an activity that is beyond the ability of any individual company is
13
The share capital of a company stated in the memorandum of association and approved by the registrar of companies is
14
one of the aims of a trade association is to
Cevap(A)
liaise with other trade associations in other countries
15
Retail outlets which sell from vehicles are
16
Cash in hand and at bank, plus debtors are components of
17
Goods sold under a distinctive trademark are
18
A firm which imports goods with the view of re-exporting them is engaged in
19
A risk whose probability of occurrence is impossible to estimate is
20
An instruction to a bank regular payment to a third party on behalf of a customer is
21
The diagram above shows a
22
XYZ Bank of commerce PLC is the
24
An international trade practice where goods are exchanged for other goods is
25
A proportion of the total deposit that a commercial bank must keep as cash and convertible paper is
26
The principle that applies when Greene and Sunwar Insurance Companies jointly indemnified Fatou for the destruction of her storey building by fire is
27
The charge paid by a speculator for non-settlement of his account within the specified period is
28
A cheque for which payment is refused due to insufficient funds is a
29
The keyboard of a computer is classified as
30
A communication equipment which is stationed in space for sending signals is
31
One of the factors which determines the choice of transport for goods is the
Cevap(D)
nature of the goods to be transported
32
Which of the following activities increases demands for goods and services
33
A diagram showing the positions of the structure of a company is
34
Good customer service practice requires
Cevap(C)
patience towards ill-mannered customers
35
The element of a contract are offer,
Cevap(A)
acceptance and performance
36
Which of the following types of advertising is aimed at taking away existing buyers from their slippers?
37
The marketing concept emphasizes the need to
Cevap(D)
build a strong and solid brand
38
An agent whose authority, as conferred by the principal, has no limit is a
39
An agreement in which Phillip paid half of a car and accepted to pay the rest in instalments is a
40
A new offer of contract that terminates the original offer is
41
Which of the following roles is performed by middle management in an organization?
Cevap(C)
review and appraisal of operational results
42
The management term which refers to the number of staff a superior officer can efficiently supervise is
43
Which of the following business units could be commercialized?
44
The restructuring of a government enterprise with the intention of making it profit oriented is
45
The headquarters of the Mano River Union is in
46
A source of capital to a public company which attracts a fixed rate of interest is
47
Which of the following is not an economic grouping in West Africa?
48
A customer who wishes to withdraw an amount greater than the balance in his current account would apply for?
49
The combination of business activities of Abbas Ltd and Denko Ltd to form one large company is
50
The difference between commercialization and privatization is that commercialized businesses
Cevap(A)
are government-owned while privatized businesses are owned by individuals
