Commerce Past Questions And Answers
The promotion and protection of trade industry and agriculture through trade fairs is a function of
- A. NACRDB
- B. NACCIMA
- C. the consumer protection council
- D. the chamber of commerce
The organizing efforts of consumers to protect themselves against the unfair practices of business is called?
- A. strike
- B. consumerism
- C. amalgamation
- D. co-operation
the expert reponsible for the calculation of prabability of risk in insurance is?
- A. an actuary
- B. an underwriter
- C. a broker
- D. a solicitor
(a) State five factors that can affect the rate of turnover of a company.
(b) What is working capital?
(c) Explain four importance of working capital.
View Discussion (0)WAEC 2008 THEORYA duty of the principal to his agent is to
- A. stop the sale of good in transit
- B. pay the agent for services rendered
- C. disclose confidential information
- D. renegotiate agreements made by the agent
A country's balance of trade of -$20 million shows that its
- A. import volume is greater than export
- B. import and export volumes are equal
- C. export volume is greater than imports
- D. exports are mainly primary products
An agreement that is enforceable in law is
- A. a contract
- B. an acceptance
- C. an offer
- D. a consideration
(a) With the aid of a diagram, illustrate the scope of commerce.
(b) Explain four commercial activities that facilitate buying and selling.
View Discussion (0)WAEC 2001 THEORYWhich of the following distinguishes supermarkets from other retail outlets
- A. use of self-service
- B. standard shop fronts
- C. sale of food items and household goods
- D. provision of parking spaces and delivery services
The partner that only contributes part of the capital used in the formation and running of a business is known as?
- A. a passive partner
- B. an active partner
- C. a dormant partner
- D. a nominal partner