Commerce Past Questions And Answers
The instrument will not be valid on
- A. September 25, 2023
- B. July 25, 2023
- C. October 25, 2023
- D. June 25, 2023
The concept of limiting types, sizes and other characteristics of a product line without sacrificing utility or durability is called
- A. simplification
- B. standardization
- C. specialization
- D. satisficing
Who is the offeree in this contract ?
- A. Musa
- B. Audu
- C. Adamu
- D. Jacob
The insurance policy which provides full cover against all risks at sea is known as
- A. Policy with Particular Average
- B. Policy Free of Particular Average
- C. Marine Freight Insurance
- D. Marine Voyage Policy Insurance
Contraband goods seized by the Customs and Excise Authority are kept in the
- A. ordinary warehouse
- B. bonded warehouse
- C. public auctioneer's store
- D. state warehouse
Mr Olatude took up a fire insurance on a property valued at N1000 and the amount insured is N 800. If the insurance was taking with the clause ‘with average ‘, What is the amount to be paid by the insurance company?
- A. N320
- B. N420
- C. N460
- D. N560
(a) Define communication.
(b) List and explain six functions of the post office.
View Discussion (0)WAEC 2010 THEORYIn which of the following circumstances is a court order NOT necessary for the winding up of a company?
- A. supension of businesss for one year
- B. special resolution of members
- C. reduction in the number of members below the legal minimum
- D. inability to pay it debts
if a firm has a turnover of N50 000 and the cost of goods sold is N40 000, what is the percentage of gross profit on sale?
- A. 30.5%
- B. 20.5%
- C. 20.0%
- D. 10.0%
Which of the following functions is not performed by retailers?
- A. Breaking bulk
- B. Ensuring regular stock for consumers
- C. Branding and packaging
- D. Insuring goods for customers