Waec 1992 Commerce Past Questions And Answers
Which of the following markets functions involves the actual movement of goods?
- A. Exchange function
- B. Distribution function
- C. Facilitating function
- D. Marketing information function
Which of the following is not a reason for dishonoring a cheque?
- A. Irregular signature
- B. Signed alteration on the cheque
- C. Insufficient fund in drawer's account
- D. Drawers stopped payment on time
The abbreviation ECOWAS stands for?
- A. Economic Community of West African States
- B. Economic Communion of West African States
- C. Economic Council Of West African States
- D. Economics Council of West African States
The document issued to a lender under a company's seal acknowledging a debt is called?
- A. stock
- B. share
- C. dividend warrant
- D. debenture
Which of the following saves consumers the time and cost involved in travelling to commercial centres for shopping?
- A. Department store
- B. Supermarket
- C. Mobile shop
- D. Wholesale stores
The difference between cost and selling prices gives?
- A. Trading account
- B. net profit/loss
- C. gross profit or loss
- D. appropriation
Into which of the following two broad areas can trade be divided?
- A. home and foreign trade
- B. home and retail trade
- C. wholesale and retail trade
- D. foreign and wholesale trade
A sales agreement whereby the buyer takes possession but not title to goods is called?
- A. mortgage
- B. auction sale
- C. deferred payment
- D. hire purchase
Nearness to a city centre and a busy street is a necessary condition for sitting?
- A. a market place
- B. a sales office
- C. an accounts office
- D. A wholesale warehouse
(a) What is the importance of warehousing to Commerce?
(b) What factors should be considered in siting a small retail shop?
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