Commerce Past Questions And Answers
All but one does not provide an Indirect Service?
- A. Custom Officers
- B. Family Doctors
- C. Civil Servants
- D. Law Makers
If a business uses part of its profit to develop the area where it operates, the business is fulfilling its
- A. marketing responsibilities
- B. managerial responsibilities
- C. economic responsibilities
- D. social responsibilities
Commerce includes all the occupations concerned with?
- A. sales
- B. production
- C. marketing
- D. distribution
Which of the following markets functions involves the actual movement of goods?
- A. Exchange function
- B. Distribution function
- C. Facilitating function
- D. Marketing information function
(a) Explain the following types of capital (i)Authorized capital (ii) Liquid capital
(b) the following records were extracted from the books of Bandin and Bachur Partnership as at March 31st, 2020
Equipment | I50,000 |
Cash at bank | 25.000 |
Creditors | 120.000 |
Debtors | 150 000 |
Stock as at 1/03/20 | 30.000 |
Motor van | 300,000 |
Fixtures and fittings | 40,000 |
Overdraft | 45.000 |
Stock as at 31/ 03/ 20 | 25,000 |
Calculate: (i) Fixed assets. (ii) Current liabilities: (iii) Current assets: (iv) Working capital (v) Average stock
View Discussion (0)WAEC 2021 THEORYWhich of the following is taken type of insurance is taken against claims made by staff who get injured while at work?
- A. Fidelity guarantee insurance
- B. Consequential loss insurance
- C. Products' liability insurance
- D. Employers' liability company
(a). What is Public Relations?
(b) State and explain any five methods a firm can use to promote its public relations.
View Discussion (0)WAEC 1993 THEORYHouse builders belong to
- A. manufacturing industry
- B. constructive industry
- C. commercial occupation
- D. tertiary occupation
An example of a non-insurable risk is?
- A. burglary
- B. speculation
- C. fire
- D. accident
Which of the following is not a characteristic of a commercial bank?
- A. Established as limited liability company
- B. Established by individuals or organizations
- C. Established to issue bank notes
- D. Established with the view of making profit