Commerce Past Questions And Answers
1351
The coming together of a manufacturing business with a firm that markets its products is
- A. backward integration
- B. a consortium
- C. forward integration
- D. a syndicate
1352
The distribution of goods creates
- A. time utility
- B. place utility
- C. form utility
- D. possession utility
1353
Which of the following best describes commerce?
- A. Buying and selling goods and services
- B. Buying, selling and distribution and services
- C. Preserving goods until they are needed
- D. Making goods and services known to people
1354
A bank statement is a document
- A. ordering a bank to pay on demand a stated sum of money
- B. containing records of receipts, payments and balance on an account
- C. used for paying into bank account
- D. used for regular withdrawal of money from a savings account
1355
An action taken by a seller to avoid risks from unforeseeable price fluctuation is known as
- A. tendering
- B. aunctioneering
- C. quotation
- D. hedging
1356
If a share is sold at a price below its face value, it is sold
- A. above par
- B. at a discount
- C. at par
- D. at premium
1357
(a) Explain five functions of the Customs Authority
(b) State five advantages of international trade
View Discussion (0)WAEC 2009 THEORY1358
a) Explain the following types of discount:
- Trade discount;
- Quantity discount;
- Cash discount;
- Seasonal discount.
b) State five functions of a development bank.
View Discussion (0)WAEC 2013 THEORY1359
The document which must be endorsed by the ambassador of a country of destination before shipment of goods is a
- A. consular invoice
- B. certificate of origin
- C. bill of lading
- D. close indent
1360
an example of a computer output device is a?
- A. keyboard
- B. mouse
- C. monitor
- D. scanner