Commerce Past Questions And Answers
Communication enhances business activities by?
- A. facilitating interaction between producers and consumers
- B. facilitating interaction among media houses
- C. ensuring the movement of goods from the producer to the consumer
- D. keeping the goods safe untill they are needed
An announcement of a person's willingness to enter into a contract is referred to as?
- A. a proxy
- B. an offer
- C. a consideration
- D. an acceptance
(a) State five features common to both public and private limited companies.
(b) State five provisions of a memorandum of association.
View Discussion (0)WAEC 2010 THEORYEntrepot trade usually occurs in?
- A. exchanging goods within a nation
- B. exchanging goods among countries
- C. importing goods to be re-exproted
- D. exproting goods to be re-imported
The cost which is incurred asa result of failure to load or unload a ship at the ports within a specified period is referred to as
- A. demurrage charges
- B. premium charges
- C. excess charges
- D. trade charges
The work of actuaries is to
- A. underwrite insurance risks
- B. calculate insurance premiums
- C. settle insurance claims
- D. assess profits for insurance companies
Which of the following types of occupation involues services that can be referred to as auxiliaries trade?
- A. Constructive occupation
- B. Manufacturing occupation
- C. Industrial occupation
- D. Commercial occupation
One of the main objectives of the Second-tier Securities Market in Nigeria is to
- A. achieved a realistic exchange rate for the naira
- B. eliminate currency dealings in the black market
- C. assist companies to raise capital
- D. attract investment flow
Stevedores as a term in foreign trade means men who
- A. inspect goods in ships
- B. import goods by ships
- C. collect duties in ships
- D. load and unload ships
Tax levied on goods at each stage of their movement from production to the final consumer is known as
- A. customs drawback
- B. ad valorem duty
- C. specific tax
- D. value added tax