WAEC SSCE - Commerce - 2023 (Objective)

When a seller wishes to be paid before supplying goods, he would send the buyer a

The bank that conducts research on an economy, thereby identifying obstacles to growth is the

A disadvantage of privatization is that

Which of the following countries is not a member of the European Union?

Which of the following is not a factor of production?

The department that ensures that products are made available to consumers is

The management function that is concerned with coordinating business resources efficiently is

The rate at which a country's export exchange for its imports is

An advantage of road transport over other means of transport is that

The function of money that makes it generally acceptable is

Dissolution of a partnership could arise from

Operating a state owned enterprise with the intention of making more profit is

The use of brand names and trademarks is to

An element of a valid contract is

The arrangement for the conveyance of goods abroad is performed by the

A similarity of private and public company is that they

Use the diagram to answer the question


The two lines on the instrument shows that it is

An advantage of advertising is that

A bill of lading that is tagged clean means that the goods being delivered are

A reduction in the value of a country's currency in relation to that of other countries is

An organization that could strive for improvement in electricity and telephone services to users is

The business in which sale of goods involves use of vehicles is a

Industrial, commercial and service are types of

A business that can obtain capital through of sale of shares is a

A factor to be considered in selecting a means of transporting fish is the

An organizational chart is used to

In a contract of sale, the amount deposited with the seller for a particular product by a buyer is

A problem associated with barter is

Which of the following modes of transport could be used to convey both liquid and gas?

The excess value of total assets over total liabilites is

A document in which the internal regulations of a company are stated is

A duty of the principal to his agent is to

Which of the following is not a form of sales promotion?

Use the diagram to answer the question

The instrument will not be valid on

Advertising designed to sell more of a company's products than other brands is

The reward for capital is

Which of the following activities does not belong to the extractive industry?

One of the aim of ECOWAS is to

A voluntary association of businessmen who are not in the same line of business is a

The term 2%/15 net 30 represents a

Buying and selling products through a network of digital devices is

Divesting government interest in a business to the public is

Which of the following is not a type of security?

One of the barriers to foreign trade is

The means by which a firm obtains information before introducing new products is

An example of after-sales services is

A source of capital to a cooperative society is

Use the diagram to answer the question


The instrument in the diagram is a