Waec 2014 Commerce Past Questions And Answers
The central bank sometimes calls for special deposits from the commercial banks in order to
- A. reduce bank lending
- B. increase bank lending
- C. withraw defaced currencies
- D. issue notes and coins
The entertainment industry is classified under
- A. extractive industry
- B. manufacturing industry
- C. constructive industry
- D. commercial industry
A principal member of the stock exchange who buys and sells securities on his own is a
- A. jobber
- B. promoter
- C. broker
- D. speculator
The throwing of goods over board to prevent a ship from sinking is known as
- A. floatsam
- B. abandonement
- C. jettison
- D. particular average
(a) Define a contract of sale
(b) Outline six items that must be contained in a contract sale.
View Discussion (0)WAEC 2014 THEORYConsumer protection council places an obligation on producers to ensure that their products
- A. are wholesome and safe
- B. are cheap
- C. do not evade customs examination
- D. are branded
(a) Define a multiple shop
(b) State three features of a multiple shop
(c) Explain three advantages and three disadvantages of a Multiple shop.
View Discussion (0)WAEC 2014 THEORYSmall-scale retailers continue to exist in spite of the dominance of large firms because they
- A. render personal service
- B. employ few salesmen
- C. can raise large capital from relatives
- D. deal in specific goods
A person who gave his building as a security for loan is known as a
- A. trustee
- B. mortgagee
- C. mortgagor
- D. guarantor
The documents issued by the Registrar of companies which allows a public company to commence business is called
- A. trading certificate
- B. prospectus
- C. certificate of incorporation
- D. memorandum of association