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 Nigeria Television Authority is an example of a?
Aprivate limited liability company
Bpublic limited liability company
Cmultinational corporation
Dco-operative society
Epublic corporation
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Question 3
waec1990
Retail outlets which sell from specialized vans are?
ASuper markets
Bmultiple shops
Cmail order firms
Ddepartment stores
Emobile shops
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Question 4
waec1990
Which of the following is not an element of the marketing mix?
AProduct
BPricing
CPromotion
DMerchandising
EDistribution
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Question 5
waec1990
A trade document signed by a representative of the country to which goods are being sent is called?
Aexport invoice
Bconsignment note
Ccertificate of origin
Dpro-forma invoice
Econsular invoice
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Question 6
waec1990
The selection and promotion of staff in an organization is the function of the?
Amarketing department
Bfinance department
Cpersonnel department
Dproduction department
Epublic relations department
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Question 7
waec1990
The major dealers on stock exchange market are the?
Aauthorized clerks
Bjobbers
Cinvestors
Dbrokers
Eunderwriters
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Question 8
waec1990
Which of the following countries is not a member of ECOWAS?
ANigeria
BGambia
CSierra-Leone
DGhana
ECameroun
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Question 9
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 10
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 11
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 12
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 13
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 14
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 15
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 16
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 17
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 18
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 19
waec1990
The purchase of one company by another is called?
Aincorporation
Bmerger
Ccartel
Dnationalization
Eprivatization
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Question 20
waec1990
which of the following documents transfers title to goods?
