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 compensation given to brokers who sell shares to jobbers is called
Apremium
Bcommission
Csalary
Dinterest
Edividend
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Question 773
waec1997
Which of the following is the basic principle of marketing concept?
ASeller-oriented
BProducer-oriented
CConsumer-oriented
DManufacturer-oriented
EProduct-oriented
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Question 774
waec1997
Which of the following is not an acceptable collateral security for a bank loan?
ACertificate of occupancy
BLife assurance policy
CLien on deposit account
DFamily building
EWarehouse warrant
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Question 775
waec1997
Debenture is an example of
Afixed capital
Bshare capital
Cloan capital
Dworking capital
Ecirculating capital
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Question 776
waec1997
A retailer's mark-up is his
Atotal cost less total sales
Btotal sales less total returns
Cgross profit less expenses
Dsales dividend be average stock
Eselling price less cost price
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Question 777
waec1997
The Manager,
Afribank,
Lagos.
Please pay to Great Nigeria Insurance Company, from my account, a sum of #125.00 at the end of every month until further notice, starting from this month.
The above instruction is a
Abill of exchange
Bcertified cheque
Cpromissory note
Dstanding order
Eletter of credit
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Question 778
waec1997
When a Public Limited Company is incorporated it means that
Ait is entitled to commence business
BIt has been given certificate of trading
CIt has a legal existence
Dits shares cannot be transffered
Eit has to issue a statutory declaration
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Question 779
waec1997
The aspect of management which ensures that there is no deviation from the set standards is called
Acontrolling
Bplanning
Ccommanding
Dorganizing
Edirecting
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Question 780
waec1997
An established pattern of relationships among members of an organization is known as
Aorganizational behaviour
Borganizational structure
Corganizational manual
Dorganizational climate
Espan of control
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Question 781
waec1997
Span of control is defined as the
Aauthority of the supervisior
Bqualification possessed by the supervisor
Cnumber of staff in the organization
Dnumber of surbodinates reporting directly to a supervisor
Eability of the supervisor to delegate authority
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Question 782
waec1997
Self-service, mail order and automatic vending are examples of
Amarketing mix
Bsales promotion
Cpublic relations
Dselling techniques
Epersonal selling
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Question 783
waec1997
Which of the following government legislation is not aimed at consumer protection?
ATaxation Law
BSales of Goods Act
CFood and Drugs Act
DStandards Organization Act
EPrice Control Act
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Question 784
waec1997
In which of the following do the goods become the property of the buyer on the payment of first installment
AHire-purchase
BDeferred payment
CLeasehold
DCash with order
EForward trading
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Question 785
waec1997
Which of the following is a disadvantage of credit transaction?
Aincreases turnover
Bfacilitates the sale of durable goods
Cencourages the habit of saving
Dencourages bad debt
Eenables consumers to enjoy goods without immediate payment
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Question 786
waec1997
One of the characteristics of a debenture is that
Ait yields a fixed rate of dividends
Bit has no redemption date
Cit yields a fixed rate of interest
Dits holder has a voting right
Ethe holder bears more risk than others
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Question 787
waec1997
The services rendered by Nigerian Airways to foreign companies are part of Nigeria's
Avisible exports
Bvisible imports
Cinvisible exports
Dinvisible imports
Eentreport trade
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Question 788
waec1997
Who among the following comes first in the channel of distribution?
