WAEC SSCE - Commerce - 2015 (Objective)

When a government acquires business enterprises formerly owned by individuals, it is termed?

which of the following is a disadvantage of foreign trade

How many countries make up the River Niger Basin commission

commerce started as a result of?

A tax charged in proportion to the value of imported goods is?

the market for short term security is called?

An extra commission paid to an agent who guarantees credit sales made by him is?

A professional in insurance who evaluates the level of loss claims is

Which of the following aids to trade is used to stimulate demand for goods

Use the following information to answer the question

Bamidele co. ltd has authorized capital of 40,000,000, ordinary shares of N4 each. shares issues and fully paid are 25,000,000

The value of bamidele authorized share capital is?

Which of the following is NOT backed by gold but by government securites?

The term utmost good faith in insurance means?

which of the following is a document of title of goods 

Which of the following is classified under current assets

Use the information above to answer the following question.

what is the rate of turnover by BYX Enterprise

The insurance services rendered to a foreign shipping company are treated as?

which of the following is a disadvantage of retailing

Use the information above to answer the following question.

calculate the gross profit by BYX Enterprise

The reduction in the value of a country's currency in  relation to others is?

Dividing the market for a product according to potential buyers who have common characteristics is?

A cheque which the bank refused to pay because the drawer had insufficient funds in his account is?

which of the following is used for making payments to many people in a single cheque

equity interest in a company is represented by?

which of the following is a reason for failure of public corporations

Retail outlets which sell from specialized vans are called?

Which of the following aids to trade facilitates production ahead of demand

An association that protects the interest of members in the same line of business is?

the study to discover consumers' preference and needs is called

which of the following principls stipulates that the insured must be in a position to suffer financial loss?

the practice of selling goods in foreign markets at a price lower than the cost price is?

The term consumer sovereignty means that?

which of the following is an aspect of marketing concept

when two insurers are liable under a given common policy, the principle of insurance that applies is?

The capital used in the day to day running of a business is?

Which of the following activities is classified under extractive industry?

a private limited liability company differs from a public limited liability because it

which of the following is a function of the retailer to the wholesaler

the fee paid for transporting goods by ship is

a house insured against damage by flood was burnt down and the owner had no claim. which of the following principles prevented him from making a claim

which of the following workers is engaged in construction occupation

Which of the following means of payment makes the bank both the drawer and drawee

The minimum lending rate of a bank is a component of its

Duty drawback refers to duties paid on?

All activities aimed at creation of a good image for an organisation are referred to as

turnover could be increased by

The practice of giving a particular name to a product by a manufacturer is

Which of the following business units enjoys government subsidies

The type of wholesaler that combines selling, delivery and collection in one operation is

when shares are sold ex-div it means the?

A cheque made payable to a named person is?