Waec 1999 Commerce Past Questions And Answers
A major cost component of running a mail order firm is the
- A. printing of catalogues
- B. paying salemen's salaries
- C. renting shops
- D. travelling expenses
The counterfoil of a cheque book enables the drawer to
- A. request for a new cheque book
- B. reconcile his book of accounts
- C. know who the debtors are
- D. obtain an overdraft from the bank
A bill of exchange becomes negotiable when it is
- A. accepted
- B. protested
- C. dishonoured
- D. discounted
Insurance is necessary because of the need to
- A. pool resources together
- B. meet uncertainties in future
- C. make profit
- D. lend money to individuals
(a)Explain five reasons why a manufacturer may engage in personal selling.
(b) Explain five characteristics of Sole Proprietorship.
View Discussion (0)WAEC 1999 THEORYWhat is the purpose of a debit note? To
- A. reduce the credit in the buyer's account
- B. reduce the debit charged to an invoice
- C. compensate for damaged goods returned
- D. allow for rebate
(a)Explain five reasons why consumers need protection.
(b) State five government legislation aimed at consumer protection.
View Discussion (0)WAEC 1999 THEORYTrade discount is given to the buyer for
- A. prompt payment
- B. credit purchase
- C. cash purchase
- D. retailer's mark-up
A public Limited Company whose nominal capital is made up of 400,000 ordinary shares of 50k each, decided to issue 50% of it to the public and realized only 50% of the amount due What is the called-up capital
- A. #50,000.00
- B. #100,000.00
- C. #200,000.00
- D. #400,000.00
Direct selling by a producer to a consumer is possible when the
- A. goods have to be made on demand
- B. manufacturer has a good knowlegde of the market
- C. customer buys in small quantities
- D. goods are fashionable