Commerce Past Questions And Answers
Spot market goods are those which are available for
- A. immidiate delivery
- B. short-term delivery
- C. long-term delivery
- D. end of the delivery
The major parties to an agency relationship are the?
- A. principal and the creditor
- B. bailee and the bailor
- C. principal and the agent
- D. shareholder and the creditor
Which of the following is a means of payments through the post office?
- A. Standing Order
- B. Promissory note
- C. Money order
- D. Telegraphic transfer
Self-service, mail order and automatic vending are examples of
- A. marketing mix
- B. sales promotion
- C. public relations
- D. selling techniques
An individual that links the producer with the retailer is
- A. an agent
- B. a wholesaler
- C. a principal
- D. an entreprenuer
Branding is an aspect of marketing mix associated with?
- A. price
- B. product
- C. place
- D. distribution
Which of the following is an example of a commercial occupation?
- A. Wrestling
- B. Welding
- C. Shipping
- D. Brick laying
A public limited liability company having a nominal capital made up of 200 000 ordinary shares of 50k each decided to issued 50% of it to the public. What is the authorized capital?
- A. N40 000
- B. N50 000
- C. 100 000
- D. 200 000
(a) List four types each of:
(i) Small scale retailers.
(ii) Large scale retailers.
(b) Explain four reasons why small scale retailers survive despite the dominance of large scale retail outlets.
View Discussion (0)WAEC 2006 THEORYWhich of the following is not a function of commerce?
- A. Facilitates mass production of goods
- B. Assists in raising capital
- C. Creates goods and services
- D. Offers employment