Commerce Past Questions And Answers
Called-up capital is the amount?
- A. paid on allotment
- B. paid ontirstcall
- C. paid on appilication
- D. demanded on shares issued
Which of the following is a function of marketing department in a firm?
- A. Add value to goods and services
- B. Protect those who engage in business transactions
- C. initiate general policies in the organization
- D. Handle all staff masters in the system
The current highest decision-making body on privatization and commercialization of public enterprises in Nigeria is the?
- A. National Council on Privatization
- B. Securities and Exchange Commission
- C. Nigeria Investment Promotion Commission
- D. Bureau of Public Enterprises
What is the major function of the wholesaler?
- A. buying from small-scale producers and selling to exporters
- B. buying in bulk and selling in small quantities
- C. granting of credit facilities to retailers
- D. providing information to manufacturers on market situation
One of the products of an extractive industry is
- A. an airplane
- B. an iron ore
- C. a shoe
- D. a textile material
Which of the following is not an important reason for government ownership of industries?
- A. Provision of essential services
- B. Large capital requirements
- C. Avoiding duplication of services
- D. Making high profit
One of the objectives of the niger basin commission is to?
- A. regulate the movement of citizens across the borders
- B. impose tariff and quota on non-members
- C. regulate the movement of cargo along the river
- D. streamline the construction of dams on the river
Give two uses of each of the following documents:
(a) price list
(b) delivery note
(c) consignment note
(d) advice note
(e) proforma invoice
View Discussion (0)WAEC 2002 THEORYThe production process that combines two or more raw materials into one end product is
- A) conditioning
- B) blending
- C) merging
- D) synthesis
An agreement by the insurer to compensate the insured for losses suffered is?
- A. policy
- B. surrender value
- C. caveat emptor
- D. indemnity