Commerce Past Questions And Answers
A cheque is specially crossed if
- A. the name of the account holder is written between two parallel lines drawn across it
- B. it could be paid over the counter
- C. the name of the bank is written between two parallel lines drawn across it
- D. only two parallel lines are drawn across it
Which of the following activities is not an example of the extractive industry?
- A. weaving
- B. quarrying
- C. hunting
- D. fishing
The three main division of production are?
- A. extraction, manufacturing and construction
- B. import, export and entrepot
- C. industry, commerce and direct service
- D. industry, trade and direct service
Which of the following is used as a pricing policy?
- A. Packaging
- B. Market selection
- C. Labelling
- D. Market skimming
Which of the following is the safest means of sending a postal order from Lagos to a friend in Jos?
- A. Special delivery
- B. Recorded delivery
- C. Registered letters
- D. First class mail
One major characteristic of credit unions and thrift societies is that
- A. the contribution of every member depends on the member's ability
- B. the legal processes involved in their formation are rigid
- C. membership is compulsory to people in the same line of business
- D. a minimum of ten people in the same line of business can form the union
(a)Explain five reasons why a manufacturer may engage in personal selling.
(b) Explain five characteristics of Sole Proprietorship.
View Discussion (0)WAEC 1999 THEORYThe act of selling in a foreign market at a price lower than the cost price is called
- A. Dumping
- B. hedging
- C. fair trading
- D. under sale
The breaking down of a market into separate and identifiable elements each with its own special product requirements is known as market
- A) differentiation
- B) segmentation
- C) penetration
- D) identification
The cheapest source of funds available to a company is through?
- A. the sale of shares
- B. retained profits
- C. the sale of bonds
- D. lease financing