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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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Trade Associations and Economic Groups
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Balance of trade/payment, terms of trade
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Legal Aspects of Business
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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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41
Fidelity guarantee is an insurance cover against loss arising from?
A.
trade debts
B.
personal accidents
C.
dishonest staff
D.
fire disaster
E.
sea disaster
View Answer & Discuss
WAEC 1990
42
Which of the following is a type of marine insurance?
A.
Endowment
B.
Freight
C.
Accident
D.
Fidelity
E.
Fire
View Answer & Discuss
WAEC 1990
43
The word Ltd written after the name of a company means that?
A.
the individual member's capital is limited
B.
the total sum of the company's capital is limited
C.
members are liable to the extent of their holding
D.
company's location is limited
E.
a shareholder has only one vote
View Answer & Discuss
WAEC 1990
44
Which of the following is not required in a Memorandum of Association? The
A.
name of the company
B.
location of the company
C.
names of the Board of Directors
D.
limitation of member's liability
E.
objectives of the company
View Answer & Discuss
WAEC 1990
45
The amount paid by the insurance company to the insured upon giving up his policy is called?
A.
Surrender value
B.
cash bonus
C.
assured sum
D.
dividend
E.
premium
View Answer & Discuss
WAEC 1990
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