Commerce Past Questions And Answers
The act of selling in a foreign market at a price lower than the cost price is called
- A. dumping
- B. under sale
- C. hedging
- D. fair trading
The process of involving local businessmen in the ownership and control of businesses that were formerly owned by foreigners is called
- A. nationalization
- B. industrialization
- C. indeginization
- D. commercialization
The difference between the total payments for imports and the receipts from exports within a given period is referred to as
- A) balance of payments
- B) balance of trade
- C) comparative cost advantage
- D) comparative advantage
The coordinating section of the central processing unit that manages the flow of data is the?
- A. arithematic logic unit
- B. control unit
- C. magnetic unit
- D. register
Opening stock.................N1000 Closing stock.................N9000 Purchases.....................N14,000 The average stock is?
- A. N2000
- B. N3000
- C. N5000
- D. N6000
Payment made to the insured by the insurer outside its legal obligation is?
- A. premium paid
- B. ex gratia payment
- C. surrender value
- D. sum assured
Stocks, shares and debentures traded in the stock exchange are called
- A. bears
- B. bulls
- C. securities
- D. collaterals
A distinguishing characteristic of labour is that it is
- A. constant
- B. expensive
- C. mobile
- D. cost
Chinyere agreed to make a dress for Halima with September 20, 1995 as the delivery date. If the dress was not ready at that date, Halima could
- A. Seize another gown from Chinyere’s shop
- B. Regard the contract between them as terminated
- C. Sue Chinyere for specific performance
- D. Sue Chinyere for damages
(a) What is public relations?
(b) State and explain five media of public relations.
View Discussion (0)WAEC 1996 THEORY
