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 value stated on the share certificate as opposed to the current value is called?
Apremium value
Bexchange value
Cnominal value
Ddiscount value
Emarket value
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Question 2052
waec1991
One of the reasons for national of industries is?
Afor efficient management
Bto comtrol corruoption and nepotism
Cincrease the number of shareholders
Dto control corruption performance of strategic industries
Eto drive away foreign investors
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Question 2053
waec1991
The practice of selling in foreign markets at less than cost price is known as?
Afair trading
Bover-invoicing
Csmugging
Dhedging
Edumping
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Question 2054
waec1991
A house insured against damaged by flood was burnt down and the owner had a claims. Which of the following prevented him from making any claim? The principle of
Aindemnity
Bsubrogation
Cinsurable interest
Dproximate cause
Eutmost good faith
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Question 2055
waec1991
The market for short term loans is known as the?
Acapital market
Bdiscount market
Cmoney market
Dstock market
Eopen market
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Question 2056
waec1991
Which shares are sold Ex-div it means that the?
Abuyer is entitled to any dividend which may be declared
Bshares are sold at per
Cshares are sold at a premium
Dsellers has the right to the next dividend
Eshares are sold at a loss
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Question 2057
waec1991
Which of the following refers to sale promotion?
ANon- personal presentation of a product
BOffering free samples of products
CProviding information about a company and its product
DDirect contact with the ultimate buyer
EGathering information about a product
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Question 2058
waec1991
The interplay of such variables as product, price, distribution and promotion is known as?
Athe distribution mix
Bmarket segmentation
Cthe market mix
Dthe marketing concept
Eproduce mix
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Question 2059
waec1991
QWhen a number of insurers are liable under one given policy, the principle of insurance that applies is/
Aindemnity
Bsubrogation
Cabandonment
Dcontribution
Eproximate cause
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Question 2060
waec1991
The method by which insurance companies spread their risk to other insurance companies is called?
Adouble insurance
Bunder-insurance
Cre - insurance
Dover- insurance
Eunderwriting
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Question 2061
waec1991
Patent Right gives the owner the exclusive right to?
Aproduce any type of goods
Bhis invention
Cform a new business
Dsell to other maunfacturer
Eproduce the same goods with other manufacturers
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Question 2062
waec1991
Activities aimed at creating an image foe an organization are known as?
Aadvertising
Bmarket research
Cpublic relation
Dexhibition
Emass marketing
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Question 2063
waec1991
The ship owner's receipt for the goods accepted for carriage in a ship is called?
Aship manifest
Bcharter party
Cmate's receipt
Dbill of exchange
Ebill of lading
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Question 2064
waec1991
If a seller discovers that he had under charged a buyer, which of the following documents will use to correct the error?
AA promissory note
BA credit book
CAn advice note
DA debit note
EA statement of account
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Question 2065
waec1991
Which of the following deals with the problems involved in selling of a particular product?
AMarket research
BMarket segmentation
CMarket sharing
DMarketing research
EMerchandising
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Question 2066
waec1991
When more shares are applied for than are offered for sale the offer is said to be over?
Aissued
Bfloated
Csubscribed
Dvalued
Etraded
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Question 2067
waec1991
In winding-up a company, the assets of the company are vested in the hands of the?
Areceiver
Bliquidator
Cregistrar of companies
Ddirectors of companies
Ethe government
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Question 2068
waec1991
The advantage road transport has over other means of transport is that?
Aintermediate terminal handling is eliminated by door-to-door delivery
Bspecialised vehicles can be used to carry certain goods
Cpackaging is very easy as experts handle it
Dcanteen services are provided
Eweather conditions do not affect it
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Question 2069
waec1991
Turnover may be increased by?
Aincreasing prices and product differentiation
Badvertising and cutting prices
Crefusing credits and customer services
Dincreasing the mark-up
Estocking very expensive goods
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Question 2070
waec1991
In which of the following classes of occupation would you place a commerce teacher?
