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Commerce
WAEC 1994
Commerce 1994 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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Balance of trade/payment, terms of trade
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Roles of Customs, Excise, Ports Authority
Purchase and Sale of Goods
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Terms of trade: Discounts, C.O.D., C.I.F., F.O.B.
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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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51
The giving of clear instructions and information to all concerned in an organisation to ensure proper understanding of decisions and policies is?
A.
organizsing
B.
planning
C.
communicating
D.
directing
E.
coordinating
View Answer & Discuss
WAEC 1994
52
Which of the following belongs to the capital market?
A.
Commercial bank
B.
Stock exchange
C.
Ministry of Finance
D.
Chamber of Commerce
E.
Discount House
View Answer & Discuss
WAEC 1994
53
The rebate given to the retailer by the wholesalerto enable him make profit is known as
A.
trade discount
B.
cash discount
C.
credit guarantee
D.
commission
E.
mark-up
View Answer & Discuss
WAEC 1994
54
Who among the following is not involved in foreign trade?
A.
Factor
B.
Dei Credere Agent
C.
Wholesale Merchant
D.
Jobber
E.
Forwarding Agent
View Answer & Discuss
WAEC 1994
55
Which of the following belongs to the capital market?
A.
Commercial bank
B.
Stock exchange
C.
Ministry of Finance
D.
Chamber of Commerce
E.
Discount House
View Answer & Discuss
WAEC 1994
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