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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
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Trade Associations and Economic Groups
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Trade - Home Trade
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Balance of trade/payment, terms of trade
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Agency, Sale of Goods Act, Hire Purchase Act
Employer/employee rights
Government regulations
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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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66
the authorised capital of a company is also referred to as it's?
A.
called-up capital
B.
issued capital
C.
subscribed capital
D.
nominal capital
E.
unissued capital
View Answer & Discuss
WAEC 1990
67
which of the following is an aspect of the marketing concept?
A.
product orientation
B.
sales orientation
C.
consumer orientation
D.
mass production
E.
mass distribution
View Answer & Discuss (1)
WAEC 1990
68
a study to discover consumers preferences and needs is called?
A.
marketing
B.
consumer orientation
C.
market research
D.
marketing mix
E.
market demand
View Answer & Discuss
WAEC 1990
69
a partnership agreement specifying the relationship amongst partners is called?
A.
article of association
B.
memorandum of association
C.
partnership act
D.
partnership deed
E.
certificate of incorporation
View Answer & Discuss
WAEC 1990
70
management can be defined as?
A.
getting things done through people
B.
implementation of business decisions
C.
the number of levels in an organisation
D.
the general manager and the employees
E.
decision making
View Answer & Discuss
WAEC 1990
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