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Commerce
WAEC 1991
Commerce 1991 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
Production
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Role of Bureau de Change
Trade Associations and Economic Groups
Trade and manufacturer associations
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Economic groups: ECOWAS, IMF, IBRD, UNCTAD, etc.
Trade - Home Trade
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Wholesale trade: Types, functions
Warehousing: Types, functions
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Trade - Foreign Trade
Balance of trade/payment, terms of trade
Export, import and entrepôt procedures and documents
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Purchase and Sale of Goods
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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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76
A facility used for impressing pre-paid postage rate on letters is called?
A.
vending machine
B.
speed post
C.
recorded delivery services
D.
cash register
E.
franking machine
View Answer & Discuss
WAEC 1991
77
A facility used for impressing pre-paid postage rate on letters is called?
A.
vending machine
B.
speed post
C.
recorded delivery services
D.
cash register
E.
franking machine
View Answer & Discuss
WAEC 1991
78
Which of the following ensures that manufactured goods conform to the required standard?
A.
Nigerian Industrial Research Centre
B.
Standard Organization of Nigeria
C.
Consumer Consultative Committee
D.
Price Control Board
E.
Indigenization Decree
View Answer & Discuss
WAEC 1991
79
Which of the following enjoins the buyers ti examine goods thoroughly beforeigeria making a purchase?
A.
uberrimae fidei
B.
Caveat subscriptor
C.
Consumer sovereignty
D.
Caveat venditor
E.
Standard for deferred payment
View Answer & Discuss
WAEC 1991
80
Which of the following enjoins the buyers ti examine goods thoroughly beforeigeria making a purchase?
A.
uberrimae fidei
B.
Caveat subscriptor
C.
Consumer sovereignty
D.
Caveat venditor
E.
Standard for deferred payment
View Answer & Discuss
WAEC 1991
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