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Commerce 1992 WAEC Past Questions

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21
Ware house are located in Lagos because of?
  • A. availability of wholesale
  • B. even development
  • C. nearness to sea and airports
  • D. the need to check smuggling
  • E. the need to create additional cost of production
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22
A speculator who buys shares and stocks in anticipating of a rise in their price at the stock Exchange is a?
  • A. bull
  • B. bear
  • C. broker
  • D. jobber
  • E. stag
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23
A del credere agents is distinguished from other agent in that he?
  • A. is a partner in a trading fim
  • B. works for his principal on commission basis
  • C. is a middle man in a transaction involving two or more people
  • D. usually guarantees payments in any transcaction
  • E. is a dealer on the stock exchange
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24
Which of the following cannot be used as a means of transport between Kano and Lagos?
  • A. Airplane
  • B. Ship
  • C. Train
  • D. Bus
  • E. Car
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25
Which of the following is common to both large and small firms?
  • A. Lower running cost
  • B. Personal attention to customers
  • C. Large capital
  • D. Profit making
  • E. Opening On public holidays
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