Commerce Past Questions And Answers
An advantage of division of labour is
- A. productivity and total output is increased
- B. monopoly od task is eliminated
- C. interdependence of workers increase remuneration
- D. loss of individual craftmanship is minimized
The chart below represent the?
- A. product mix relationship
- B. marketing mix relationship
- C. promotion mix relationship
- D. advertising mix relationship
(a) Explain the following terms:
(i) bearer cheque
(ii) open cheque
(iii) order cheque
(iv) crossed cheque.
(b) Explain any six factors which a bank manager would take into consideration in evaluating an application for a loan.
View Discussion (0)WAEC 1990 THEORYWhich of the following is not a credit instrument used in business transactions?
- A. Luncheon voucher
- B. Bill of exchange
- C. Promissory note
- D. Fuel voucher
The macro-environment forces and trends which are a constraint on business operations are referred to as?
- A. technological factors
- B. artificial factors
- C. external factors
- D. internal factors
Commerce makes it possible for man to live in a
- A. complex and organized society
- B. society characterized by subsistency
- C. society characterized by dependency
- D. simple and organized society
Centralized buying and decentralized selling are features of
- A. cooperative wholesalers
- B. department stores
- C. mail order business
- D. multiple stores
The purchase of goods under the CWO system of payment implies that?
- A. money must be enclosed when ordering
- B. payment must be made on delivery
- C. payment must be made within few days
- D. cash must be paid on the spot
The conversion of raw materials into finished products creates?
- A. form utility
- B. marginal utility
- C. place utility
- D. time utility
One of the functions of commerical banks that cannot be performed by central banks is
- A. collection of old notes
- B. collection of deposits from the public
- C. issuance of treasury bills
- D. printing of bank notes