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Commerce
WAEC 1993
Commerce 1993 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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Trade - Home Trade
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Government regulations
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ICT in Commerce
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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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16
Which of the following is not a source of capital to a sole proprietor?
A.
Loan from firends
B.
Personal savings
C.
Ploughing back profit
D.
Borrow from relations
E.
Borrowing through debentures
View Answer & Discuss
WAEC 1993
17
Which of the following is not an important reason for government ownership of industries?
A.
Provision of essential services
B.
Large capital requirements
C.
Avoiding duplication of services
D.
Preventing private monopoly
E.
Making high profit
View Answer & Discuss
WAEC 1993
18
In a limited partnership, the liability of most of the partners is?
A.
pegged
B.
unlimited
C.
limited
D.
unpredictable
E.
restricted
View Answer & Discuss
WAEC 1993
19
The rights, responsibilities and liabilities of each partner are specified in the?
A.
memorandum of association
B.
prospectus
C.
articles of association
D.
deed of partnership
E.
deed of conveyance
View Answer & Discuss
WAEC 1993
20
Which of the following statements is not true?
A.
Government does not nationalize businesses owned by its citizens
B.
Government nationalizes foreign business
C.
Government does not give nationalized industries to private owners
D.
Government nationalizes viable business
E.
Public corporation are owned by the government
View Answer & Discuss
WAEC 1993
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