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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
History of Commerce
Relationship of Commerce with other areas of production
Importance of Commerce in the economy
Occupations
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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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11
The process of involving local businessmen in the ownership and control of businesses that were formerly owned by foreigners is called
A.
nationalization
B.
industrialization
C.
indeginization
D.
commercialization
E.
privatization
View Answer & Discuss
WAEC 1996
12
Which of the following functions is not performed by retailers?
A.
Breaking bulk
B.
Ensuring regular stock for consumers
C.
Branding and packaging
D.
Insuring goods for customers
E.
Storing variety of goods
View Answer & Discuss
WAEC 1996
13
Which of these management functions involves checking performance against set standards?
A.
Controlling
B.
Coordinating
C.
Planning
D.
Directing
E.
Organizing
View Answer & Discuss
WAEC 1996
14
The form given by the Customs Authority to enable an importer examine goods before the arrival of the bill of lading is known as
A.
entry for warehousing
B.
certificate of origin
C.
bill of sight
D.
bill of exchange
E.
dock warrant
View Answer & Discuss
WAEC 1996
15
An organization that builds access roads for the benefit of the community in which it is located has fulfilled its
A.
legal responsibility
B.
political responsibility
C.
social responsibility
D.
technological responsibility
E.
economic responsibility
View Answer & Discuss
WAEC 1996
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