Study and practice Commerce past questions with answers and detailed explanations. Then test your knowledge using our interactive CBT practice platform and prepare confidently for your upcoming examinations.
The major dealers on stock exchange market are the?
Aauthorized clerks
Bjobbers
Cinvestors
Dbrokers
Eunderwriters
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Question 1022
waec1990
Which of the following countries is not a member of ECOWAS?
ANigeria
BGambia
CSierra-Leone
DGhana
ECameroun
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Question 1023
waec1990
Which of the following arguments are in favour of establishing ECOWAS? I. The countries concerned would be able to expand market beyound their territorial boundaries.
II. Currency union is the final objective of member countries
III. Capital movement is not allowed across the boundaries
IV. Free movement across the borders of members would be allowed.
AI, II & III only
BII & IV only
CI, II & IV only
DII & III only
EI & III only
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Question 1024
waec1990
A cheque made payable to "bearer"
ACan be negotiated for cash by the drawer only
Bcan only be paid into an account
Ccan be negotiated for cash by any holder
Dis not regarded as a negotiable instrument
Emust be endorsed to another account for settlement
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Question 1025
waec1990
Which of the following is the acceptable classification of warehouse?
AOrdinary, wholesale and state warehouse
BOrdinary, presidential and bonded warehouse
CBonded, royal and queen warehouse
DOrdinary off-shore and bonded warehouse
EPrivate, public and bonded warehouse
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Question 1026
waec1990
Which of the following is not an advantage of advertising? It
Agives information about products
Bincreases sales
Cincreases production
Dimproves the quality of products
Eintroduces new products
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Question 1027
waec1990
The concept of marketing as a process which begins and ends with the needs and wants of the consumer rather than those of the organization is called?
Acaveat venditor
Bconsumer orientation
Cconsumer association
Dconsumer protection
Ecaveat emptor
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Question 1028
waec1990
The taking over by state of ownership and control of certain business enterprises is known as?
Aindigenization
Bnationalization
Cprivatization
Dcommercialization
Erationalization
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Question 1029
waec1990
The accomplishment of a good company's objective by guiding and motivating subordinates is known as?
APlanning
BOrganizing
CManaging
DControling
EDirecting
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Question 1030
waec1990
A holding company assumes control of its subsidiaries through?
Ataking over routine administration
Bbecoming the principle customer
Cmajority shareholding
Dpaying all the debts outright
Etaking over only the assets
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Question 1031
waec1990
Which of the following concepts is concerned with determining the business objectives and how they can be achieved?
APlanning
BOrganization
CCo-ordinating
DMotivating
EDelegating
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Question 1032
waec1990
The main object of a cartel agreement is to control?
Aoutput to maintain price
Bdirectors to achieve higher profits
Cworkers to increase output
Drequirement to cut cost
Eshareholders to maintain shares
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Question 1033
waec1990
The purchase of one company by another is called?
Aincorporation
Bmerger
Ccartel
Dnationalization
Eprivatization
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Question 1034
waec1990
which of the following documents transfers title to goods?
Abill of exchange
Btreasure bill
Cbill of lading
Dbill of sight
Ebill of sale
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Question 1035
waec1990
customs duties are?
Aexcise duties
Bdock dues
Ccustomary dues
Dcustoms officers'' duties
Eimport tariffs
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Question 1036
waec1990
which of the following is not a reason for imposing a tariff? to
Acorrect an adverse balance of payments
Braise revenue for the government
Cencourage imports
Dprotect infant industries
Eencourage the consumption of home-produced goods
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Question 1037
waec1990
a document that regulates the internal operations of a company is known as?
Amemorandum of association
Barticles of association
Cprospectus
Dcertificate of incorporation
Ecertificate of trading
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Question 1038
waec1990
the main purpose of establishing a public corporation is to?
Amake profit
Bprovide employment
Cprovide essential services
Dcompete with entrepreneurs
Eestablish a monopoly
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Question 1039
waec1990
which of the following is not a fixed asset of a business?
Asundry debtors
Bpatent
Cmachinery and plant
Dgoodwill
Eloose tools
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Question 1040
waec1990
money spent for the day-to-day running of a business is called?
