Commerce Past Questions And Answers
The co-operative society that performs a combination of the functions of other types of cooperatives is called
- A. consumer cooperative
- B. multipurpose cooperative
- C. producer cooperative
- D. thrift and credit cooperative
Which of the following requires a certificate of trading to start business?
- A. Partnership
- B. Private Limited Company
- C. Cooperative society
- D. Public Limited Company
A common requirement for public and private limited companies in Nigeria is that
- A. a shareholder cannot transfer his shares to someone else without permission from other shareholders
- B. shares cannot be offered or sale on the stock exchange
- C. their annual accounts are made available to the corporate affairs commission
- D. shares can be offered for sale through an issuing house
The main objective of a trade association is to
- A. protect its members against litigation
- B. boost the trade of its members
- C. secure credit for its members
- D. protect its members against victimization
The saying that the 'consumer is always right' describes the doctrine of
- A. caveat emptor
- B. consumer sovereignty
- C. consumer protection
- D. proximate cause
(a) What is Entrepot Trade?
(bi)Differentiate between a Bill of Lading and Consignment Note
(bii) Explain the use of bill of sight in foreign trade
(c) State five reasons for the criticism against Advertising
View Discussion (0)WAEC 2021 THEORYThe part of the computer that has the capacity to interpret instruction is
- A. central processing unit
- B. universal power storage
- C. monitor
- D. keyboard
The capital owned is
- A. N2,740
- B. N 1,350
- C. N1,150
- D. N570
The arrangement and interrelationship of the various components and positions of a business is referred to as
- A. line structure
- B. unity of direction
- C. organisational structure
- D. clarity of objective
The factor of production that is relatively indestructible and immobile is _______?
- A. capital
- B. labour
- C. land
- D. rent