WAEC SSCE - Commerce - 2012 (Objective)

The assets of a business that is available for cash or near cash is called

The exclusive right of an author over his book is

Which of the following is an example of large-scale retailing?

Those who are engaged in the distribution of goods belong to

One of the principles of insurance is

The abbreviation E & O.E. on an invoice seeks to

Who among the following generally has no capacity to enter into a valid contract

Industrial occupation does not involve the

The document issued by the registrar of companies to permit a public limited company to commence business is

When an insurance policy is declared void because of a false declaration ; the principle involved is

The document in which full details of goods and the ship carrying the goods are contained is known as

The buyer in a hire purchase contract becomes the legal owner of the goods by paying

Which of the following is concerned with promoting favorable image of an organization?

A written instruction by a current account holder to his bank to debit his account at regular intervals with a specified amount for a given period is known as

The document which helps in ascertaining the correct value of imports in order to assess the custom duty is

Which of the following arrangement of documents is the correct sequence as used in the retail trade? i. Quotation ii. Enquiry iii.Order iv Invoice

A collective bundle of shares is called?

The difference between the cost price and selling price of an article is

The document which is used when a country imposes ad valorem duties is

Which of the following is quoted when the buyer is responsible for the cost of loading the goods from the seller's warehouse up to his own warehouse?

The relationship between all imports and exports of a country is known as

The size of of profit of a business is measured by the

The document which specifies the manufacturer from whom goods are to be imported is

A cheque drawn by a bank on itself is a/an

Which of the following is not an insurance of indemnity

The collection of tariffs on imported goods is the function of

The Central Bank's monetary policy instrument by which it buys and sells treasury bills is known as

A ceiling on the quantity of commodity to be imported into the country is called

The development of trade in West Africa was aided by the

The satisfaction of customers in all business activities is emphasized by

Which of the following is a feature of mail order business?

A percentage reduction from the quoted price of goods given to a buyer to encourage bulk purchase is called

The combination of product, price, promotion and distribution decisions employed by a company is referred to as

The functions of credit and thrift society does not include

Which of the following is classified as invisible item in balance of payment?

The bank on which a cheque is drawn is known as the

Mr Lou who assured his life with XYZ Assurance Company, was involved in an accident and had a broken leg; the sum of #80,000 was paid to Mr Lou for his broken leg. The money received is known as

Current account holders withdraw money by means of

Throwing cargo overboard in order to save a ship from sinking is

Which of the following acted as the central bank for West African countries before their independence?

An activity involving buying, selling, distribution of goods and services is known as

Buildings and machinery used in the running of a business are examples of

Collecting information on the taste of consumers and the extent of demand for a product is

An efficient transport system enables a trader to

A licensed person who is authorized to sell to the highest bidder is

Bonded warehouse is a place where

The entitlement of a debenture holder from a company's income is known as

A voluntary body formed by people in the same line of business for the purpose of protecting their interest is a

An issuing house is an outlet for

Which of the following is not an economic grouping