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Commerce
WAEC 1996
Commerce 1996 WAEC Past Questions
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Introduction to Commerce
Meaning, scope, characteristics and functions of Commerce
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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
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Corporate social responsibility
Nationalisation, Indigenisation and Divestiture
Meaning, aims, advantages, disadvantages
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56
A partner who does not play an active role in a business but contributes capital is a
A.
secret partner
B.
dormant partner
C.
nominal partner
D.
limited partner
E.
general partner
View Answer & Discuss
WAEC 1996
57
Which of the following is not included in the Memorandum of Association?
A.
Winding up procedure
B.
Objectives of the company
C.
Address of the registered office
D.
Amount of capital
E.
Conditions for amendment of the memorandum
View Answer & Discuss
WAEC 1996
58
Which of the following is not a source of capital?
A.
Personal savings
B.
Credit transfer
C.
Bank Loan
D.
Credit purchase
E.
Debenture
View Answer & Discuss
WAEC 1996
59
The contract between ship owners and hires whereby the hires take full control of the ship is called?
A.
time charter
B.
charter by demise
C.
shipping conference
D.
voyage charter
E.
charter party
View Answer & Discuss
WAEC 1996
60
Which of the following does not aim at protecting the customer?
A.
Sales of Goods Act
B.
Fair Trading Act
C.
Price Control Act
D.
Partnership Act
E.
Foods and Drugs Act
View Answer & Discuss
WAEC 1996
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