Question 1
A document through which invitation is extended to the public to subscribe to shares is?
Objective
WAEC Commerce 2018 Past Questions
Practice each question, then open it to see the full details.
Question 1
(a) List and explain two factors that limit the application of division of labour.
(b) Enumerate two disadvantages of division of labour.
(c) Discuss five advantages of division of labour.
Theory
Question 2
Activities which fascilitates commerce include
Objective
Question 2
(a) Discuss any five factors to be considered by Mr. Touray in locating his shop.
(b) Explain five ways a wholesaler can aid Mr. Touray's business.
Theory
Question 3
A person authorized to sell the property of a company in a winding up is
Objective
Question 3
In a tabular form, state the differences between public enterprise and public company.
Theory
Question 4
one example of of a product of a construction industry is a
Objective
Question 4
(a) Draw up an organisational chart of Adama's Pure Water Production Ltd.
(b) Briefly state two functions each of the following departments of the company:
(i)Accounts (ii) Administration (iii) Marketing (iv) Production
Theory
Question 5
one disadvantage of a sole proprietorship is?
Objective
Question 5
(a) Briefly state and explain four ways in which marketing is important to a business.
(b) List and explain four promotional tools Jones Ltd could use.
Theory
Question 6
which of the following is a source of short term finance
Objective
Question 6
(a) Briefly state and explain four ways in which marketing is important to a business.
(b) List and explain four promotional tools Jones Ltd could use.
Theory
Question 7
The portion of share capital which the company has asked shareholder to pay is?
Objective
Question 7
(a) What is second-tier security market?
(b) Discuss four advantages of the second-tier security market.
(c) State five requirements for trading in a second-tier security market.
Theory
Question 8
multilateral trade is carried out
Objective
Question 8
(a) Define a contract.
(b) State and explain four reasons for consumer protection.
Theory
Question 9
An association of businesses engaged in both trade and industry is a?
Objective
Question 9
|
Items |
Le |
|
Debtor |
30,000 |
|
Cash in hand |
6,750 |
|
Plant and machinery |
72,000 |
|
Motor van |
31,000 |
|
Stock of raw materials |
12,000 |
|
Loan 50,000 |
|
|
Trade creditors |
43,000 |
Calculate
(a) The liquid capital for the business
(b) The fixed assets
(c) Teesan Enterprise's capital or statement of affairs as at 31/10/2010.
(d) The working capital for Teesan Enterprises Ltd.
Theory
Question 10
which of the following statement is true of a debenture?
Objective
Question 11
The path through which a product moves from the manufacturer to the consumer is a?
Objective
Question 12
If the opening stock of Ali ltd is N40,000, cost of goods sold is N48,000 and closing stock is N24,000, its rate of turn over will be?
Objective
Question 13
A business which requires a certificate of trading in order to commence operation is a?
Objective
Question 14
Exchange of goods in international market which does not involve the use of money is a
Objective
Question 15
which of the following features is not associated with a chamber of commerce? it is
Objective
Question 16
The reason for sending a proforma invoice to a potential customer is that it is?
Objective
Question 17
The insurance policy taken to cover dishonesty of account personnel of an organisation is?
Objective
Question 18
which of the following documents is used when goods are being sent by a common carrier
Objective
Question 19
A put option in the stock exchange is an option
Objective
Question 20
The functions of money do not include
Objective
Question 21
A document of title to goods written by the ship owner specifying that certain goods are being conveyed in the ship is the?
Objective
Question 22
informative advertisig is aimed at?
Objective
Question 23
A cheap means of carrying bulky goods over long distance is by?
Objective
Question 24
A contract terminated by the occurence of an event which makes performance impossible is discharged by?
Objective
Question 25
An individual employed to act on behalf of another within a specified guideline is?
Objective
Question 26
which of the following is not a component of the marketing mix
Objective
Question 27
A method of buying in anticipation of price fluctuation in the commodity market is?
Objective
Question 28
A shipping document detailing the charges for carrying a particular cargo for a specified voyage is?
Objective
Question 29
commercial agents who are authorized to keep goods untill they are sold are?
Objective
Question 30
An advertisement method whose objective is to convince customers to buy a product is?
Objective
Question 31
A government legislation which ensures that quality goods and services are available to customers is?
Objective
Question 32
a bank draft is a cheque drawn by a bank on?
Objective
Question 33
which of the following functions is not performed by the export promption council
Objective
Question 34
Activities undertaken to creat awareness of a product by giving out samples or gifts is?
Objective
Question 35
an advantage of privatizing a firm is that it?
Objective
Question 36
a transfer of authority from a superior officer to his subordinate in an organisation is?
Objective
Question 37
The provision of scholarship by a firm to needy students is part of its?
Theory
Question 38
The provision of scholarship by a firm to needy students is part of its?
Objective
Question 39
How many countries form ECOWAS
Objective
Question 40
which of the following is the modern means of communication
Objective
Question 41
A company is qouted on the stock exchange when its shares are?
Objective