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Afoster interchange of goods and services among its members
Bprovide a reliable market for stock and shares
Chave common political system
Dhave common language
Ehave one currency
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Question 2
waec1989
The treaty establishing ECOWAS on May 28, 1975 was signed by?
A15 Heads of State
B14 Heads of State
C13 Heads of State
D15 Foreign Ministers
E12 Heads of State
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Question 3
waec1989
Which of the following is an insurance cover undertaken by the Government for its employees?
AEndowment
BMarine insurance
CFidelity guarantee insurance
DPensions scheme
EFire insurance
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Question 4
waec1989
Which of the following is an insurance principle?
AEndowment
BPremium
CProximate cause
DFidelity guarantee
Esurrender value
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Question 5
waec1989
All advertising campaigns foe consumer goods must pay attention to?
Acinema advertising
Bradio advertising
Cpoint of sale
Ddoor to door sale
Eneon signs
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Question 6
waec1989
The management function of anticipating the future determining the best course action to achieve company objective is?
Adirecting
Borganizing
Ccontrolling
Dplanning
Econsulting
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Question 7
waec1989
The last link in the chain of distribution is the?
Awholesaler
Bretailer
Cconsumer
Dfactor
Eadvertiser
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Question 8
waec1989
Which of the following shows the financial position of a business on a given date?
ABank statement
BBalance sheet
Cjournal
DCash book
ETrial Balance
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Question 9
waec1989
Which of the following is not a problem of distribution, sales and merchandizing?
ATransporting goods
BTrade malpractices
CPressure of sales
DSales force complacency
EEasy payment for purchases
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Question 10
waec1989
Which of the following is not one of the functions of warehousing?
AGoods are avaiable where the are required
BGoods are stored until the are required
CProduction takes place ahead of demand
Dchanges are avoided in prices which may result from shortage and gults
EGoods are available when required
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Question 11
waec1989
For continuous existence, a service oriented concern depends on?
Aliquid assets
Bmiddlemen
Cpatronage of consumers
Dlegislation of the ruling political party
Estaff strength of the concern
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Question 12
waec1989
The essence of marketing is?
Aexchange
Bsales
Ctrade
Dresearch
Eprofit
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Question 13
waec1989
Which of the following documents contains the complete information on goods available in the wholesaler's warehouse? the
Acatalogue
Border
Cconsignment note
Dinvoice
Edelivery note
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Question 14
waec1989
Which mode of transport would you suggest as the most suitable for natural gas?
AAir
BSea
CPipeline
DRoad
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Question 15
waec1989
A shipping company's document detailing the charges for carrying a particular cargo for a specified journey is known as?
Adock warrant
Bfreight note
Ccarriage forward
Dweight note
Ecredit note
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Question 16
waec1989
Exchange in the international market which does not involve the use of money as a medium is known as?
Aforeign aid
Bcounter trade
Cmonetization
Dforeign trade
Eenterpot trade
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Question 17
waec1989
With regard to payment, the amount payable when no deductions are made is called?
Anet price
Bspot cash
Cnot profit
Dprompt cash
Edraft
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Question 18
waec1989
Which of the following is not necessary when ordering goods?
ATrade journal
BLetter of enquiry
CInvoice
DOrder form
ECatalogue
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Question 19
waec1989
A company had an authorized share capital of 30,000. It offered applicants N20,000 share capital out of which the company collected N15,000.
What was the unissued capital?
AN35,000
BN30,000
CN15,000
DN10,000
EN5,000
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Question 20
waec1989
A company had an authorized share capital of 30,000. It offered applicants N20,000 share capital out of which the company collected N15,000.
What was the paid-up capital?
