Waec 1996 Commerce Past Questions And Answers
Specialization is possible as a result of
- A. good roads
- B. education
- C. demand for goods
- D. exchange
The document issued to a newly formed public company to commence business is called the
- A. certificate of incorporation
- B. articles of association
- C. memorandum of association
- D. trading certificate
Which of the following may serve as delivery note?
- A. Debit note
- B. Credit note
- C. Invoice
- D. Advice note
Which of the following is drawn up as a guide to the running of a Partnership?
- A. Deed of Agreement
- B. Partnership Act
- C. Memorandum of Association
- D. Prospectus
Explain the social responsibilities of a business to the following: (a) the community (b) the employee (c) the shareholders (d) the government (e) the consumers.
View Discussion (0)WAEC 1996 THEORYMr Chidi insured his house against fire. The house was destroyed by flood. Which of the following principles prevented him from being compensated?
- A. Uberrimae fidei
- B. Subrogation
- C. Indemnity
- D. Proximate cause
(a) State five reasons why road transport would be preferred to rail transport
(b) Give five functions of the Nigerian Airport Authority.
View Discussion (0)WAEC 1996 THEORYGoods in bonded warehouses are under the strict supervision of the
- A. Customs Authority
- B. Ports Authority
- C. Importer
- D. Clearing agent
The form given by the Customs Authority to enable an importer examine goods before the arrival of the bill of lading is known as
- A. entry for warehousing
- B. certificate of origin
- C. bill of sight
- D. bill of exchange
A nation's earnings from tourism are classified as
- A. visible exports
- B. invisible exports
- C. visible imports
- D. invisible imports