WAEC SSCE - Commerce - 2023 (Objective)

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

Use the diagram to answer the question


The instrument in the diagram is a

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

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

Use the diagram to answer the question


The two lines on the instrument shows that it is

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

The term 2%/15 net 30 represents a

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

A source of capital to a cooperative society is

One of the aim of ECOWAS is to

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

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

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

Use the diagram to answer the question

The instrument will not be valid on

Divesting government interest in a business to the public is

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

The reward for capital is

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

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

A similarity of private and public company is that they

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

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

A duty of the principal to his agent is to

Which of the following is not a type of security?

Buying and selling products through a network of digital devices is

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

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

Which of the following is not a factor of production?

The excess value of total assets over total liabilites is

An advantage of advertising is that

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

A problem associated with barter is

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

An example of after-sales services is

The use of brand names and trademarks is to

Dissolution of a partnership could arise from

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

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

A disadvantage of privatization is that

One of the barriers to foreign trade is

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

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

An organizational chart is used to

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

Industrial, commercial and service are types of

An element of a valid contract is

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

The function of money that makes it generally acceptable is