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 term capital account in international trade includes?
I.foreign investment
II.long-term lending
III. short-term lending
IV.foreign exchange reserve
V.short-term borrowing.
AI & II only
BIII & V only
CII, III & IV only
DI, III & IV only
EII, IV & V only
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Question 1032
waec1990
management can be defined as?
Agetting things done through people
Bimplementation of business decisions
Cthe number of levels in an organisation
Dthe general manager and the employees
Edecision making
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Question 1033
waec1990
a partnership agreement specifying the relationship amongst partners is called?
Aarticle of association
Bmemorandum of association
Cpartnership act
Dpartnership deed
Ecertificate of incorporation
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Question 1034
waec1990
a study to discover consumers preferences and needs is called?
Amarketing
Bconsumer orientation
Cmarket research
Dmarketing mix
Emarket demand
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Question 1035
waec1990
which of the following is an aspect of the marketing concept?
Aproduct orientation
Bsales orientation
Cconsumer orientation
Dmass production
Emass distribution
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Question 1036
waec1990
the authorised capital of a company is also referred to as it's?
Acalled-up capital
Bissued capital
Csubscribed capital
Dnominal capital
Eunissued capital
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Question 1037
waec1990
the main source of income for a limited liability company is?
Abank overdraft
Bgovernment subsidy
Cundistributed profit
Dbank loan
Eshare subscrptions
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Question 1038
waec1990
to inform the buyer that the goods are in transit,the seller sends him?
Aa quotation
Ban invoice
Ca debit note
Dan advice note
Ea credit note
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Question 1039
waec1990
the reward of capital is?
Adividend
Binterest
Cprofit
Drent
Erebate
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Question 1040
waec1990
an association formed by Tyre manufacturers to safeguard and promote their interests is known as
Aco-operative society
Bchamber of commerce
Ctrade union
Dconsortium
Etrade association
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Question 1041
waec1990
a speculator in the stock exchange market who sells securities in expectation of a fall in their prices is called?
Abroker
Ba bull
Ca bear
Dan investor
Ea stag
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Question 1042
waec1990
which of the following is not the function of a small? retailer
Asupplying goods to the final consumer
Bbreaking goods into small units
Cgranting credits to known customers
Dfurnishing information to the wholesaler
Eselling in large quantities
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Question 1043
waec1990
a company has recently advertised an issue of one million ordinary shares of 50kobo and 65kobo per share.wen the issue is fully paid the company will collect?
AN65,000.00
BN500,000.00
CN650,000.00
DN1,000,000.00
EN65,000,000.00
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Question 1044
waec1990
which of the following is a feature of co-operative society?
Adividend is based on the number of shares sold
Blimited membership
Cowned and run by the state
Ddemocratic controll and management
Evoting rights are not equal
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Question 1045
waec1990
which of the following is not a means of raising capital by a promoter?
Agoodwill
Bborrowing
Cselling of shares
Dselling real assets
Epast savings
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Question 1046
waec1990
which of the following currencies does/do not belong to any country within the ECOWAS?
Anaira and kobo
Bdalasi
Ccedis and pesewas
Dleo
Ekwasha and shilling
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Question 1047
waec1990
total sales less total returns inwards is called?
Apurchases
Bnet profit
Cgross profit
Daverage stock
Enet sales
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Question 1048
waec1990
the production of goods in anticipation of demand is made possible by?
Apackaging
Bwarehousing
Cbranding
Dadvertising
Etransporting
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Question 1049
waec1990
which of the following is not a means of making payment to a businessman?
Abank draft
Bcash
Cmoney order
Dcheque
Estatements
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Question 1050
waec1990
the value of anything expressed in monetary terms is the?
