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Commerce 1992 WAEC Past Questions

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31
Which of the following products is likely to have a low rate of turnover?`
  • A. Foodstuff
  • B. ball-pen
  • C. Soap and Detergent
  • D. Furniture
  • E. Newspaper
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32
Which of the following markets functions involves the actual movement of goods?
  • A. Exchange function
  • B. Distribution function
  • C. Facilitating function
  • D. Marketing information function
  • E. Stimulation function
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33
The abbreviation ECOWAS stands for?
  • A. Economic Community of West African States
  • B. Economic Communion of West African States
  • C. Economic Council Of West African States
  • D. Economics Council of West African States
  • E. Economics Cooperation of west African States
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34
The difference between cost and selling prices gives?
  • A. Trading account
  • B. net profit/loss
  • C. gross profit or loss
  • D. appropriation `
  • E. balance sheet
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35
Which of the following is the quickest and most accurate means id communication?
  • A. Telegram
  • B. Express mail
  • C. Courier service
  • D. Telex
  • E. Railex
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