Commerce Past Questions And Answers
Modern means of payment is greatly facilitated by
- A. e-banking
- B. paper money
- C. credit transfer
- D. e-commerce
Which of the stresses the use of only specialists to head departments?
- A) Committee organization structure
- B) Line organization structure
- C) Line and staff organization structure
- D) functional organization structure
A formal letter to a dealer to enquire details about certain items for sale is referred to as
- A. an inquiry
- B. an invoice
- C. an order
- D. a quotation
The service of a textile worker are an example of?
- A. extractive activity
- B. commercial activity
- C. manufacturing
- D. construction
Explain the following terms as used on the stock exchange market:
(a) Backwardation
(b) Bear
(c) Jobber
(d) Jobber's turn
(e) Brokerage
View Discussion (0)WAEC 2009 THEORYEncouraging a high quality of members' products through the circulation of research information is a function of
- A. Manufacturers Association
- B. Trade Union
- C. Employers Association
- D. Consumers Association
The rate at which a country's export exchange for its imports is
- A. terms of payment
- B. terms of trade
- C. balance of payment
- D. balance of trade
Examples of Commercial occupation are all except___________
- A. Bankers
- B. Traders
- C. Insurers
- D. Goldsmith
The charge paid to a ship owner for the unused part of a ship is known as
- A. penalty
- B. dock dues
- C. dead freight
- D. demurrage
The term utmost good faith in insurance requires that the insured must
- A. make profit from any loss suffered
- B. receive his compensation fully in the event of loss
- C. disclose all relevant facts on what is being insured
- D. pay his premium regularly