Waec 1994 Commerce Past Questions And Answers
Which of the following is sent when credit is not allowed?
- A. Debit note
- B. Proforma invoice
- C. Credit note
- D. Statement
30 Rate of turnover is the?
- A. number of times opening stock is sold during a period
- B. rate paid by retailers for their stocks
- C. rate paid to agents forturning over their stock ata given period
- D. number of times the stock is turned over
Which of the following does not determine the form ofa business unit?
- A. Available capital
- B. Risk bearing
- C. Nearness to market
- D. Ownership
The coming together of firms at different stages of the production process is known as?
- A. horizontal integration
- B. vertical integration
- C. consortium
- D. cartel
(a) Distinguish between commercial banks and merchant banks.
(b) Explain each of the following: (i) Order cheque (ii) Bearer cheque (iii) Certified cheque (iv) Non-Negotiable cheque.
View Discussion (0)WAEC 1994 THEORYAgents who link buyers with sellers receive?
- A. factorage
- B. brokerage
- C. bonus
- D. interest
Explain any five ways in which nationalised industries differ from public limited companies.
View Discussion (0)WAEC 1994 THEORYWhich of the following is an objective of indigenisation? To
- A. increase foreign participation in business
- B. attract foreign Capital
- C. help Nigerian entrepreneurs become monopolists
- D. help citizens participate fully in the economy
Which of the following is not a function of management?
- A. Staffing
- B. Planning
- C. Organizing
- D. Distributing
The raising of new capital by allowing existing shareholders the privilege to buy shares at preferential rate is called?
- A. bonus issue
- B. private placing
- C. offer for sale
- D. rights issue