WAEC SSCE - Commerce - 2021 (Objective)

Which of the following is responsible for protecting consumers against poor quality goods 

The concept of determining the objectives of a business and stating how they can be actualized is 

The reward for land as a factor of production is

The transfer of a government company to the public is 

One of the functions of the ports authority is

The word ''limited"  written after the name of a company means that  

A number of shops under one roof is a 

An objective of the European Union is to

One of the disadvantages of selling on credit is

The practice by which insurance companies share risks with other insurance companies is 

Which of the following means of payment requires acceptance by the debtor to make it valuable? 

Trade fairs and exhibitions are media of

An example of a primary product is _____

All activities geared towards the distribution and exchange of goods and services is _______

The purpose for which the Central Bank sells securities is to 

The amount a current account holder is allowed to withdraw in excess of the balance in his account is _______

A disadvantage of privatization is that 

An error on an invoice may be rectified by issuing

The saying that the 'consumer is always right' describes the doctrine of

What is the average stock?

 A person who is for the purpose of bringing his principal into contractual relationship with third parties is 

Commerce started as a result of _______

A foreign order which instructs an agent to buy certain goods from a particular supplier is

One of the functions of a trade association is to 

Speed is an important factor to be considered for the choice of means of transport where goods are

The income generated from tourism forms part of the country's 

The practice of making a state firm more profit-oriented is

An advertising campaign by a chicken seller designed to sell his products at the expense of a beef seller is 

The main function of a bureau-de-change is 

One of the qualities of tradable goods is 

The process of changing raw materials into finished goods is ________

Which of the following business risks would an insurance firm not cover for an entrepreneur? 

Which of the following businesses can raise capital through the stock exchange?

Which of the following is not a condition for dissolution of a partnership? 

An inventor of a new machine for canning tomatoes can protect his product by 

The practice of selling goods to a foreign country at lower prices than obtainable in the exporting country is 

The right of a seller to make corrections on invoices is expressed by the term

The main idea of the marketing concept is that all the firm's plans and operations should be 

One of the aims of ECOWAS is to

Which of the following instruments of payment could be used in international trade? 

The collection of import duty is a function of the

An organization of producers of similar produces, which controls output with the intention to fix price is a 

Which type of occupation is a carpenter engaged in?

The expected response from the recipient of a quotation is to send

A country's balance of trade of -$20 million shows that its 

Bonded warehouses are supervised by  

One of the roles performed by middle managers is