Commerce Past Questions And Answers
The duties paid on goods produced locally is
- A. export duty
- B. excise duty
- C. Ad-valorem duty
- D. quota
The payment made by a speculator to the buyer when he is unable to deliver stocks on the agreed date is
- A. arbitage
- B. franco
- C. contango
- D. backwardation
Which of the following documents is used to advertise shares to the public?
- A. Letter of allotment
- B. Articles of association
- C. Memorandum of asscociation
- D. Prospectus
An association that acts as a watchdog between enterpreneurs and government to protect trade from any unfavourable laws is said to be a
- A. cartel
- B. syndicate
- C. Chamber of Commerce
- D. Nigeria Bar Association
The central bank differs from commercial banks because it?
- A. renders service to customers
- B. carries out foreign exchange transactions
- C. issues currencies
- D. discount bills
In case of a liquidation of a public limited liability company, those that are first paid are
- A. ordinary shareholders
- B. prefernce shareholders
- C. cumulative preference shareholders
- D. debenture holders
To eliminate middlemen, there should be a retail outlet such as
- A. producer co-operative
- B. consumer co-operative
- C. multiple shop
- D. departmental store
A person who invented a new machine for making beverages may protect his exclusive right by
- A. labelling the product
- B. obtaining a patent
- C. choosing a name for the product
- D. obtaining a trade mark
(a)What is a contract?
(b) Explain six reasons for which a contract can be terminated.
View Discussion (0)WAEC 1999 THEORYthe component of marketing mix that is put in a consumable form to satisfy the consumer is
- A. product
- B. promotion
- C. price
- D. place