Commerce Past Questions And Answers
1101
The internet is a system of telecommunication used for
- A. Sending electronic message
- B. Communicating messages through telegrams
- C. Communicating long-distance
- D. Sending and renewing text message
1102
(a) Give four arguments for and three arguments against advertising.
(b) List six advertising media used by business organizations in West Africa.
View Discussion (0)WAEC 2003 THEORY1103
Which of the following attracts only interest but leaves the capital unpaid?
- A. uberrimae fidei
- B. subrogation
- C. contribution
- D. redeemable bond
1104
Under what management function will the motivation of employees fall
- A. staffing
- B. controlling
- C. organizing
- D. directing
1105
Which of the following statements is true of the manufacturing industry?
- A. The factors of production cannot move to other occupations
- B. It is involved in changing raw materials to finished goods
- C. Its product cannot be distributed to consumers
- D. It doesn't not benefit from the services of direct labour
1106
One advantage of sole proprietorship is that?
- A. access to large capital is easy
- B. decisions are made promptly
- C. business risks are spread
- D. continuity of business is assured
1107
An agency contract must involve
- A. a principal and a consumer
- B. a principal and an agent
- C. a principal and a producer
- D. a principal and a third party
1108
the production of goods in anticipation for demand is made possible by?
- A. packaging
- B. warehousing
- C. advertising
- D. branding
1109
The insurance policy which covers damages to the body of a ship is
- A. marine insurance
- B. cargo insurance
- C. ship liability insurance
- D. hull insurance
1110
Another name for a dishonoured cheque is?
- A. an order cheque
- B. a bounced cheque
- C. a bearer cheque
- D. an open cheque