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Commerce
WAEC 1990
Commerce 1990 WAEC Past Questions
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Introduction to Commerce
Meaning, scope, characteristics and functions of Commerce
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ICT in Commerce
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ICT terms
E-commerce, E-banking, E-business
Business Environment and Social Responsibility
Types of environment
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Corporate social responsibility
Nationalisation, Indigenisation and Divestiture
Meaning, aims, advantages, disadvantages
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51
which of the following documents may be used when an importer requires a longer period of credit before settlement?
A.
letter of credit
B.
documentry credit
C.
bill of lading
D.
sight draft
E.
bill of exchange
View Answer & Discuss
WAEC 1990
52
the value of anything expressed in monetary terms is the?
A.
utility
B.
price
C.
service
D.
charge
E.
money
View Answer & Discuss
WAEC 1990
53
which of the following is not a means of making payment to a businessman?
A.
bank draft
B.
cash
C.
money order
D.
cheque
E.
statements
View Answer & Discuss
WAEC 1990
54
the production of goods in anticipation of demand is made possible by?
A.
packaging
B.
warehousing
C.
branding
D.
advertising
E.
transporting
View Answer & Discuss
WAEC 1990
55
total sales less total returns inwards is called?
A.
purchases
B.
net profit
C.
gross profit
D.
average stock
E.
net sales
View Answer & Discuss
WAEC 1990
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