Commerce Past Questions And Answers
One of the functions of the ports authority is
- A. checking the activities of smugglers.
- B. collecting import duties
- C. enforcing law and order in harbours
- D. providing warehousing services.
Service which are of absolute monopoly can can best be proved by
- A. private companies
- B. limited liability companies
- C. public companies
- D. public enterprises
The form of business financing which involves pledging of a specific asset is
- A. debenture
- B. mortgage
- C. loan
- D. bond
The main advantage of a sole trader is the freedom to
- A. employ anyone he likes
- B. seek advice from any source
- C. take quick decisions
- D. plough all the profits back into the business
Write short notes on each of the following:
(i) Small stores
(ii) Mobile shops
(iii) Tied shops
(iv) Supermarkets
(v) Peddling.
View Discussion (0)WAEC 2003 THEORYThe computer using linear integrated circuit technology coupled with quantification of data in terms of length and distance is known as?
- A. digital computer
- B. analogue computer
- C. mainframe computer
- D. hybrid computer
An announcement of a person's willingness to enter into a contract is referred to as
- A. an acceptance
- B. a proxy
- C. consideration
- D. an offer
The principle of span of control stipulates that?
- A. The number of employees reporting to one superior should be kept to a workable maximum
- B. An employee should report to only one superior
- C. Managers must demand accountability from their subordinates
- D. Resources have to be economized within the various divisions
A group of companies is a collection of?
- A. subsidiaries and their holding company
- B. firms
- C. associates and their holding company
- D. industries
Efforts geared towards establishing and maintaining good image for a company is termed?
- A. human relations
- B. professional relations
- C. public relations
- D. trade relations