Commerce Past Questions And Answers
An example of an activity in the construction industry is
- A. blacksmithing
- B. bricklaying
- C. car assembling
- D. shoemaking
When an Order Cheque is endorsed it becomes a
- A) Confirmed cheque
- B) Bearer cheque
- C) Cleared cheque
- D) Dishonoured cheque
Given: I. shoe maker II. policemen III. fishermen IV. Gardener V. Broker. The persons engaged in primary Occupation are
- A. I, II and V
- B. I, III and IV
- C. III and V
- D. III and IV
Before the advent of legal tender and credit instrument, which of the following was used as a medium of exchanged?
- A. Currency notes
- B. Cowries
- C. Cheques
- D. Bankdrafts
When payments is required for goods at the time order is placed, the term of payment quoted is?
- A. C.O.D
- B. C.W.O
- C. C.I.F
- D. F.O.R
The board of directors of public enterprise is appointed by who?
- A. government
- B. management
- C. employees
- D. shareholders
(a) Explain to a group of Sole Proprietors who wish to form a partnership any seven problems they are likely to face.
(b) State three conditions suitable for the formation of partnership business.
View Discussion (0)WAEC 2000 THEORYA form of money with face value which is greater than the value of the metal contents is
- A. bank notes
- B. legal tender
- C. commodity money
- D. token money
Inbound tourism occurs when?
- A. non-residents of a country travel to other countries
- B. resident of a country travel to another country
- C. non-resident of a country travel within it
- D. resident of a country travel within it
Production is defined as
- A. an industrial activity
- B. creation of utilities
- C. the exchange of goods and services
- D. changing of raw materials into finished goods