Commerce Past Questions And Answers
(a) Distinguish between a broker and a factor.
(b) State three duties of an employer to an employee.
(c)State four duties of an employee to an employer
View Discussion (0)WAEC 2016 THEORYThe exchange of goods for goods in home trade is known as
- A. entrepot trade
- B. trade by barter
- C. commodity trade
- D. distributive trade
Government can borrow money from the public through
- A. the issuing of treasury bills
- B. increasing taxation
- C. increasing the lending rate
- D. establishing more banks
The activity which entails buying of goods in bulk and selling in small quantities to retailers is
- A. wholesaling
- B. retailing
- C. merchandising
- D. assembling
One of the obstacles to achieving one objective of ECOWAS is
- A) Lack of common currency
- B) Colonial linkages
- C) Sovereignty of states
- D) Language differences
The practice of employing specialists in relevant occupation is a feature of?
- A. subsistence economy
- B. mobility of labour
- C. mixed economy
- D. division of labour
Current account holders withdraw money by means of
- A. credit card
- B. draft
- C. withdrawal form
- D. cheque
The type of activity which turns processed raw materials into consumer and industrial goods is described as
- A. extractive
- B. processing
- C. constructive
- D. manufacturing
Division of labour ultimately leads to?
- A. conservation
- B. intergration
- C. specialization
- D. repetition
Awarding scholarships and sponsoring sports by a business organization are example of?
- A. advertising strategy
- B. economic responsibility
- C. marketing strategy
- D. social responsibility

