Commerce Past Questions And Answers
Fidelity guarantee insurance will only cover
- A. cashier's fraud
- B. daylight robbery
- C. loss of profit
- D. unpaid loan
One of the functions of commercial banks that cannot be performed by central banks is
- A. collection of old notes
- B. collection of deposits from the public
- C. issurance of treasury bills
- D. printing of bank notes
In which of the following business units are profit shared
- A) Public enterprise
- B) Partnership
- C) Co-operative
- D) Public Limited Company
The secretariat of the Niger Basin Commission is located at
- A. Ouagadougou, Burkina Faso
- B. Abuja, Nigeria
- C. Niamey, Niger
- D. Bamako, Mali
Which of the following is a non- indemnity insurance?
- A. Marine
- B. Life
- C. Fire
- D. Bad debts
Fluctuations in the supply of goods may be eliminated if the distribution system maintains?
- A. modern technology
- B. a team of retailers
- C. warehouse services
- D. sufficient middlemen
Explain the social responsibilities of a business to the following: (a) the community (b) the employee (c) the shareholders (d) the government (e) the consumers.
View Discussion (0)WAEC 1996 THEORYThe protection of consumers against exploitation by manufacturers is to ensure?
- A. that there are varieties of product
- B. that the right quality of goods and services is sold
- C. increase in production capacity
- D. increase in the level of consumers awareness
Which of the following requires a certificate of trading to start business
- A. Public corporation
- B. Public limited company
- C. Cooperative society
- D. Private limited company
which of the following is a function of the retailer to the wholesaler
- A. providing after sales services
- B. providing information on market trends
- C. sales of variety of goods
- D. sales of goods in smaller quantities