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Commerce 1996 WAEC Past Questions

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6
The primary purpose of credit cards is to
  • A. obtain goods without paying cash on the spot
  • B. obtain a loan from the bank
  • C. obtain a loan from a trader
  • D. persuade a business man to cash a cheque
  • E. provide a means of identifyng the holder
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7
Containers are suitable for transporting goods by
  • A. sea only
  • B. road only
  • C. sea and rail only
  • D. road and sea only
  • E. road, sea and rail
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8
Which of the following is not a credit instrument used in business transactions?
  • A. Luncheon voucher
  • B. Bill of exchange
  • C. Promissory note
  • D. Bank note
  • E. Fuel voucher
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9
An insurance company shares its accepted risk with others in the form of
  • A. reinsurance
  • B. subrogation
  • C. mutual insurance
  • D. fidelity guarantee insurance
  • E. contribution
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10
Which of the following stresses the use of only specialists to head departments?
  • A. Committee organisation structure
  • B. Line organisation structure
  • C. line and staff organisation structure
  • D. Functional organisation structure
  • E. Centralization
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