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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
History of Commerce
Relationship of Commerce with other areas of production
Importance of Commerce in the economy
Occupations
Meaning and Importance
Types of occupations: Industrial, commercial, direct and indirect services
Factors influencing choice of occupation
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Meaning and objectives of business
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Business Capital and Finance
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Role of Bureau de Change
Trade Associations and Economic Groups
Trade and manufacturer associations
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Trade - Home Trade
Retail trade: Types, functions, advantages and disadvantages, trends
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Warehousing: Types, functions
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Balance of trade/payment, terms of trade
Export, import and entrepôt procedures and documents
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Roles of Customs, Excise, Ports Authority
Purchase and Sale of Goods
Documents: Enquiry, quotation, invoice, bill of lading, etc.
Terms of trade: Discounts, C.O.D., C.I.F., F.O.B.
Means and terms of payment
Aids to Trade
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Legal Aspects of Business
Simple contract
Agency, Sale of Goods Act, Hire Purchase Act
Employer/employee rights
Government regulations
Consumer protection
ICT in Commerce
Computer applications
ICT terms
E-commerce, E-banking, E-business
Business Environment and Social Responsibility
Types of environment
Safe products and pollution
Corporate social responsibility
Nationalisation, Indigenisation and Divestiture
Meaning, aims, advantages, disadvantages
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61
a speculator in the stock exchange market who sells securities in expectation of a fall in their prices is called?
A.
broker
B.
a bull
C.
a bear
D.
an investor
E.
a stag
View Answer & Discuss
WAEC 1990
62
an association formed by Tyre manufacturers to safeguard and promote their interests is known as
A.
co-operative society
B.
chamber of commerce
C.
trade union
D.
consortium
E.
trade association
View Answer & Discuss
WAEC 1990
63
the reward of capital is?
A.
dividend
B.
interest
C.
profit
D.
rent
E.
rebate
View Answer & Discuss
WAEC 1990
64
to inform the buyer that the goods are in transit,the seller sends him?
A.
a quotation
B.
an invoice
C.
a debit note
D.
an advice note
E.
a credit note
View Answer & Discuss
WAEC 1990
65
the main source of income for a limited liability company is?
A.
bank overdraft
B.
government subsidy
C.
undistributed profit
D.
bank loan
E.
share subscrptions
View Answer & Discuss
WAEC 1990
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