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 time allowed for unloading and loading a ship is referred to as
Ademurrage
Blay days
Ccharter party
Dcharter by demise
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Question 482
waec2006
The provision of dredging and dry dock facilities at any sea port is the responsibility of
APorts and Harbours Authority
BCustoms and Excise Authority
CNational Health Authority
DNational Water and Electricity Authority
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Question 483
waec2006
The place where dutiable goods are kept until the duties on them are paid is
Acustoms warehouse
Bpublic warehouse
Cbonded warehouse
Dthe wharf
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Question 484
waec2006
Which of the following trends in retailing provides the convenience of shopping without cash
AAutomatic vending
BSelf-service
CCredit card
DWindow display
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Question 485
waec2006
Which of the following assesses duties payable on imports and exports?
APorts Authority
BCentral Bank
CCustoms and Excise Authority
DExport Promotion Council
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Question 486
waec2006
An outright prohibition on the importation of goods to a country is referred to as
Aquota
Btariff
Cembargo
Ddevaluation
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Question 487
waec2006
An association formed to protect the interests of buyers of various commodities is known as
AChamber of commerce
BEmployers association
CConsumers Association
DManufacturers Association
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Question 488
waec2006
Which of the following is not a duty of a credit union?
AHelping members to save
BGranting loans
CAdvising on the use of funds
DConfirming members' indebtedness
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Question 489
waec2006
Which of the following goods has the lowest rate of turnover?
AStaple foods
Boffice stationery
CRefrigerator
DSchool exercise books
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Question 490
waec2006
When the public wants to buy more of a company's share than has been offered for sale, the share is said to be
Arights issue
Bover subscribed
Cqouted at a premium
Dover-valued
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Question 491
waec2006
The following information relates to Mallam Amidu Kachella for the year ended 31/12/2005.
#
Opening stock 4,000
Purchases 16,000
Sales 30,000
Debtors 6,500
Creditors 4,200
Cash in hand 800
Closing stock 5,600
Bank overdraft 3,000
The average stock is
A#1,600
B#4,800
C#5,600
D#9,600
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Question 492
waec2006
Which of the following is used only in international trade?
ALetter of inquiry
BCertificate of origin
CPro-forma invoice
DConsignment note
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Question 493
waec2006
The price quotation where the buyer uses his own means to collect goods from the producer's warehouse is
AF.O.B
Bex-works
CF.A.S
DF.O.R
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Question 494
waec2006
Which of the following groups of activities are commercial services
AManufacturing, weaving and storing
BVending, purchasing and banking
CAdvertising, farming and harvesting
DFishing, constructing and transporting
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Question 495
waec2006
House builders belong to
Amanufacturing industry
Bconstructive industry
Ccommercial occupation
Dtertiary occupation
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Question 496
waec2006
Labour and entrepreneur are examples of
Afactors of production
Bdivision of labour
Cdirect services
Dprimary production
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Question 497
waec2006
The printing of catalogs is one of the costs associated with the operation of
Atied shops
Bmobile shops
Cmail order shops
Ddepartment stores
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Question 498
waec2006
Which of the following does not determine the size of a business unit
Athe quality of its products
Bthe nature of the business
Cthe size of the market
Dthe size of capital
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Question 499
waec2006
The right that a debenture holder has on the earnings of a company is
