Commerce Past Questions And Answers
(a) State five reasons why road transport would be preferred to rail transport
(b) Give five functions of the Nigerian Airport Authority.
View Discussion (0)WAEC 1996 THEORYA document sent by a broker to his client to confirm a purchase or sale made on his behalf is
- A. delivery note
- B. consignment note
- C. transfer form
- D. contract note
A partner whose name is used to boost the image of the business and does not contribute capital is a?
- A. dormant partner
- B. general partner
- C. limited partner
- D. nominal partner
Secondary production has to do with changing the?
- A. shape of raw materials through construction operations
- B. physical form of raw materials into finished goods
- C. utility of raw materials by an engineering process
- D. nature of raw materials through manufacturing processes
Which of the following may be used to restrict imports? i. Bill of lading
ii. Specific Licenses
iii.Foreign exchange rationing
iv. Letters of credit
v.Customs duties and tariffs
- A. i, ii and v only
- B. ii, iii and v only
- C. iii, iv and v only
- D. i, ii and iv only
Working capital is
- A. current assets less total liabilities
- B. total assets less total liabilities
- C. current liabilities plus current assets
- D. current assets less current assets
Which of the following is the main purpose of a third party insurance?
- A) Indemnify an injured outsider
- B) indemnify the insured
- C) protect the vehicle against theft
- D) compensate the driver for injuries sustained
From the diagram below, what does I stand for?
- A. aids to trade
- B. home trade
- C. publicity
- D. advertising
Which of the following is not considered when siting a retail shop?
- A. Advertising
- B. Rent
- C. Accessibilty
- D. Target population
The most important difference between community banks and peoples’ bank is that the?
- A. latter is owned solely by government while the former are not
- B. former cater for ruler dwellers while the latter cater for both rural and urban dwellers
- C. former are service oriented while the latter are profit oriented
- D. latter advances loans to the public while former advance loans to the rural dwellers only