Commerce Past Questions And Answers
The main frame of selling directly to the consumers by manufacturers is to?
- A. reduce transportation cost
- B. make contact with individual consumers
- C. discourage the activities of middlemen
- D. maximize profit margin
One of the disadvantages of Sole Proprietorship is__________
- A. It requires small operations
- B. It involves small capital
- C. It lacks specialization
- D. Grants from government
The transmission of telephone services from one country to another is facilitated by?
- A. communication satelite
- B. international facility
- C. interconnectivity
- D. internet services
Who among the following has no voting right?
- A. Preffered ordinary share holders
- B. Ordinary shareholders
- C. Deffered shareholders
- D. Debenture holders
A document which entitles its holder to the goods named on it, which is stored in a specific warehouse is called________
- A. Debit note
- B. Credit note
- C. Warrant
- D. Shipping note
The quality of money that describe its uniformity is
- A. recognizability
- B. durability
- C. portability
- D. homogeneity
The ancillary to trade which ensures that people gain access to facts pertaining to goods is
- A. insurance
- B. advertising
- C. warehousing
- D. banking
| Le | |
| sales | 220,000 |
| stock 1/1/05 | 60,000 |
| purchases | 180,000 |
| stock 31/12/05 | 70,000 |
| salaries and wages | 8,000 |
| Debtors | 16,000 |
| Transport | 6,000 |
| Rent | 5,000 |
Calculate (showing all workings) the: (a) gross profit (b) average stock (c) net profit
View Discussion (0)WAEC 2009 THEORYA symbol that is used to distinguish a company's product from others is a
- A) copyright
- B) trade mark
- C) patent right
- D) trade permit
Musa places the bicycle for sale at #800.00 and Dada had agreed to pay the amount. In this transaction, Musa is the
- A. offerer
- B. offeree
- C. buyer
- D. guarantor