Commerce Past Questions And Answers
(a) State five reasons for governments participation in business
(b) Explain five problems encountered by government businesses.
View Discussion (0)WAEC 2015 THEORYThe price charged for leasing a ship is known as
- A. way bill
- B. haulage
- C. clean bill
- D. freight
chinyere agree to make a dress for Halima with September 20, 1995 as the delivery date. If the dress was not ready on that date, Halima could
- A. sue Chinyere for damages
- B. sue Chinyere for specific performance
- C. seize another gown from Chinyere's shop
- D. regard the contract between them as terminated
The collection of import duty is a function of the
- A. ports authority
- B. marketing boards
- C. clearing and forwarding agents
- D. customs and excise authority
Which of the following is a disadvantage of credit transaction?
- A. increases turnover
- B. facilitates the sale of durable goods
- C. encourages the habit of saving
- D. encourages bad debt
Given: ₦ Sales 15,000 Opening stock 5,600 Purchases 9,700 Closing stock 4,400 Gross profit 4,500 Net profit 2,000 From the above data, calculate the rate of turnover
- A. 2.00 times
- B. 3.50 times
- C. 2.18 times
- D. 3.00 times
The speculator in the stock exchange market who sells securities in anticipation of a fall in price is called a
- A. bull
- B. jobber
- C. bear
- D. stag
After-sales service is a function usually rendered by?
- A. a retailer
- B. a wholesaler
- C. an agent
- D. an enterpreneur
The payment made by a speculator to the buyer when he is unable to deliver stocks on the agreed date is
- A. contango
- B. arbitrage
- C. backwardation
- D. franco
The basic functin of the Nigeria Ports Authority is to?
- A. ensure that the right calibre of personnel is employed at the ports
- B. coordinate and regulate the activities of shipping lines
- C. facilitate and control the movement of goods and services into and out of the country
- D. coordinate the activities of all the seaports in the country