Commerce Past Questions And Answers
Retail outlets which sell from vehicles are
- A. supermarkets
- B. mobile shops
- C. departmental stores
- D. chain stores
Explain the following terms used in insurance:
(a) surrender value
(b) cover note
(c) policy
(d) re-insurance
(e) group insurance
View Discussion (0)WAEC 2005 THEORYThe capital that is needed to meet the day-to-day running of a business is the?
- A. fixed capital
- B. reserved capital
- C. circulating capital
- D. liquid capital
When a vendor supplies newspapers from house to house and across the streets, the element of marketing mix involved is
- A. product
- B. price
- C. promotion
- D. place
One of the objectives of the indigenisation programme of the Federal Government of Nigeria is to?
- A. encourage the use of local raw materials
- B. expel all foreigners from Nigeria
- C. make Nigeria businessmen very rich
- D. maximize local retention of profits
Quality discount is offered to persuade the buyer to?
- A. pay promptly
- B. defer payment
- C. pay a deposit
- D. buy more
(a) Write the following abbreviations in full:
(i) C.O.D; (ii) C.I.F. (iii) F.O.B; (iv) E and O.E.
(b) The sale of a consumer good costing #100,000 attracts a cash discount of 5% and a quantity discount of 5%. You are required to calculate
(1) quantity discount value (ii) cash discount value (iii) net amount of money payable by the customer.
View Discussion (0)WAEC 2008 THEORYThe rights, responsibilities and liabilities of each partner are specified in the?
- A. memorandum of association
- B. prospectus
- C. articles of association
- D. deed of partnership
Which of the following is an example of extractive industry?
- A. Sewing dresses
- B. Constructing bridges
- C. Baking bread
- D. Digging for precious stones
Dividing the market for a product according to potential buyers who have common characteristics is?
- A. market analysis
- B. market penetration
- C. market segmentation
- D. market research