WAEC SSCE - Commerce - 2023 (Objective)

Swali 1 Ripoti

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

bureau de change

trade association

chamber of commerce

trade union

Maelezo ya Majibu

Tazama Jibu

Swali 2 Ripoti

Dissolution of a partnership could arise from

fall in output

death of a member

non access to capital

increase in market share

Maelezo ya Majibu

Tazama Jibu

Swali 3 Ripoti

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

a trade association

a manufacturers' association

a consumers'association

Maelezo ya Majibu

Tazama Jibu

Swali 4 Ripoti

The use of brand names and trademarks is to

control the supply of goods

prevent imitation by competitors

stabilize the prices of goods

make after-sale service possible

Maelezo ya Majibu

Tazama Jibu

Swali 5 Ripoti

Buying and selling products through a network of digital devices is

e-commerce

e-payment

e-transfer

e-mail

Maelezo ya Majibu

Tazama Jibu

Swali 6 Ripoti

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

terms of payment

terms of trade

balance of payment

balance of trade

Maelezo ya Majibu

Tazama Jibu

Swali 7 Ripoti

An advantage of advertising is that

prices of products are reduced

awareness is created on the existence of products

quality of products is improved

distribution channels for products are improved

Maelezo ya Majibu

Tazama Jibu

Swali 8 Ripoti

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

consular invoice

consignment note

proforma invoice

credit note

Maelezo ya Majibu

Tazama Jibu

Swali 9 Ripoti

Consumers could be encouraged to purchase a company's products through

research

planning

distribution

Maelezo ya Majibu

Consumers could be encouraged to purchase a company's products through advertisement. Advertisement is a form of marketing communication that is used to persuade and encourage consumers to buy a product or service. It involves creating awareness and promoting the features and benefits of a product or service to a target audience through various media channels such as television, radio, newspapers, magazines, social media, and billboards. Effective advertisement campaigns are designed to create a favorable impression of a company's product in the minds of consumers, ultimately leading to increased sales and revenue for the company.

Soma maelezo ya somo kwenye Elements Of Marketing (JAMB)

Elements Of Marketing

Tazama Jibu

Swali 10 Ripoti

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

Drilling

Mining

Barbing

Farming

Maelezo ya Majibu

Tazama Jibu

Swali 11 Ripoti

A problem associated with barter is

poor road network delaying transportation of goods

inability to measure what is to be exchanged

difficulty in collecting debt

inability to produce enough goods

Maelezo ya Majibu

Tazama Jibu

Swali 12 Ripoti

An organizational chart is used to

determine the departmental objectives and targets

show the hierarchy of staff

implement policies on staff welfare

measure variation on staff performance

Maelezo ya Majibu

Tazama Jibu

Swali 13 Ripoti

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

persuasive

indirect

competitive

informative

Maelezo ya Majibu

Tazama Jibu

Swali 14 Ripoti

Divesting government interest in a business to the public is

commercialization

deregulation

privatization

nationalization

Maelezo ya Majibu

Tazama Jibu

Swali 15 Ripoti

Use the diagram to answer the question

The instrument will not be valid on

September 25, 2023

July 25, 2023

October 25, 2023

June 25, 2023

Maelezo ya Majibu

Tazama Jibu

Swali 16 Ripoti

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

purchases

finance

marketing

production

Maelezo ya Majibu

Tazama Jibu

Swali 17 Ripoti

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

consideration

warranty

counter offer

acceptance

Maelezo ya Majibu

Tazama Jibu

Swali 18 Ripoti

An element of a valid contract is

operation of law

performance

breach

capacity to contract

Maelezo ya Majibu

Tazama Jibu

Swali 19 Ripoti

One of the barriers to foreign trade is

imposition of embargo

removal of tarrif

trade liberalization

memorandum of understanding

Maelezo ya Majibu

Tazama Jibu

Swali 20 Ripoti

A duty of the principal to his agent is to

stop the sale of good in transit

pay the agent for services rendered

disclose confidential information

renegotiate agreements made by the agent

Maelezo ya Majibu

Tazama Jibu

Swali 21 Ripoti

Which of the following is not a factor of production?

Capital

Staffing

Labour

Land

Maelezo ya Majibu

Tazama Jibu

Swali 22 Ripoti

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

organizing

controlling

planning

motivation

Maelezo ya Majibu

Tazama Jibu

Swali 23 Ripoti

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

Greece

France

Denmark

Bolivia

Maelezo ya Majibu

Tazama Jibu

Swali 24 Ripoti

A disadvantage of privatization is that

there is decline in the supply of goods

public interest outweighs the profit motive

income is unevenly distributed

there is less efficiency in the production of goods

Maelezo ya Majibu

Tazama Jibu

Swali 25 Ripoti

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

market segmentation

advertising

promotion

market research

Maelezo ya Majibu

Tazama Jibu

Swali 26 Ripoti

A similarity of private and public company is that they

sell shares on the stock exchange

have equal number of members

receive certificate of incorporation

are required to publish their final accounts

Maelezo ya Majibu

Tazama Jibu

Swali 27 Ripoti

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

customs and excise authority

ports authority

clearing and forwarding agents

chamber of commerce

Maelezo ya Majibu

Tazama Jibu

Swali 28 Ripoti

The reward for capital is

rent

interest

profit

dividend

Maelezo ya Majibu

Tazama Jibu

Swali 29 Ripoti

Use the diagram to answer the question

The two lines on the instrument shows that it is

altered

crossed

cancelled

paid

Maelezo ya Majibu

Tazama Jibu

Swali 30 Ripoti

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

mobile shop

chain store

shopping mail

tied shop

Maelezo ya Majibu

Tazama Jibu

Swali 31 Ripoti

One of the aim of ECOWAS is to

ensure production of quality goods

encourage foreign investments

improve transportation and communication

promote privatization policies

Maelezo ya Majibu

Tazama Jibu

Swali 32 Ripoti

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

demand for fish

supply of fish

cost of fish

nature of the fish

Maelezo ya Majibu

Tazama Jibu

Swali 33 Ripoti

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

revaluation

inflation

devaluation

deflation

Maelezo ya Majibu

Tazama Jibu

Swali 34 Ripoti

An example of after-sales services is

sorting and grading of goods

granting of discount

provision of price list and terms

free replacement of parts

Maelezo ya Majibu

Tazama Jibu

Swali 35 Ripoti

Industrial, commercial and service are types of

specialization

occupation

manufacturing

extraction

Maelezo ya Majibu

Tazama Jibu

Swali 36 Ripoti

The function of money that makes it generally acceptable is

unit of account

store of value

medium of exchange

standard of deferred payment

Maelezo ya Majibu

Tazama Jibu

Swali 37 Ripoti

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

nationalization

deregulation

privatization

commercialization

Maelezo ya Majibu

Tazama Jibu

Swali 38 Ripoti

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

Certificate of Incoporation

Articles of Association

Memorandum of Association

Partnership Deed

Maelezo ya Majibu

Tazama Jibu

Swali 39 Ripoti

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

packing and loading is easy as activities are handled by experts

canteen services are provided during the course of transportation

specific vehicles could be used to carry certain loads

terminal handling is eliminated by door-to-door delivery

Maelezo ya Majibu

Tazama Jibu

Swali 40 Ripoti

Which of the following is not a right of a consumer?

Right to a fair hearing

Right to buy on credit

Right to obtain replacement

Right to a safe product

Maelezo ya Majibu

The right to buy on credit is not a right of a consumer. This is because credit is not a right but a privilege, which is extended to a consumer based on their creditworthiness. While consumers have the right to obtain credit if they meet the requirements, they do not have an inherent right to buy on credit. The other options listed are all rights of consumers. The right to a fair hearing ensures that consumers have a chance to express their views when there is a dispute. The right to obtain replacement guarantees that consumers can replace products that are faulty or defective. The right to a safe product ensures that products meet safety standards and do not pose a risk to consumers.

Soma maelezo ya somo kwenye Purchase And Sale Of Goods (JAMB)

Soma maelezo ya somo kwenye Commerce (JAMB)

Soma maelezo ya somo kwenye Occupation (JAMB)

Purchase And Sale Of Goods

Commerce

Occupation

Tazama Jibu

Swali 41 Ripoti

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

on credit

not damaged

paid for