Commerce Past Questions And Answers
An agreement between two people which can be enforced is?
- A. a warranty
- A. a contract
- B. an offer
- D. a consideration
A trade in which many countries exchange goods and services is called?
- A. bilateral trade
- B. entrepot trade
- C. economic union
- D. multilateral trade
The Stock Exchange is a market where?
- A. long-term securities are sold
- B. all types of securities are sold
- C. short-term securities are sold
- D. medium-term securities are sold
The issue of prospectus by a company is an invitation to members of the public to?
- A. subscribe to the company`s shares
- B. buy the company`s product
- C. attend the company`s boards meeting
- D. All of the above
The sale of second hand securities is done in which market
- A. Building society
- B. cooperative society
- C. stock exchange
- D. capital market
The transactions relating to liquidation in partnership account is drawn by using?
- A. current account
- B. cash account
- C. capital account
- D. realization account
Cooperation and friendliness are enhanced among nations through interdependence necessitated by
- A. tourism
- B. commerce
- C. agriculture
- D. socio-cultural activities
A cheque that could be cashed over the counter by the payee is?
- A. certified cheque
- B. crossed cheque
- C. open cheque
- D. bank draft
The document that indicate instant payment of cash for goods whenever the are delivered is
- A. credit note
- B. proforma invoice
- C. debit note
- D. statement of account
(a) State the difference between industry and commerce.
(b) Mention and explain five types of commercial occupations and three types of industrial occupations.
View Discussion (0)WAEC 2000 THEORY