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Commerce
WAEC 1997
Commerce 1997 WAEC Past Questions
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Introduction to Commerce
Meaning, scope, characteristics and functions of Commerce
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Business Environment and Social Responsibility
Types of environment
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Nationalisation, Indigenisation and Divestiture
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41
Which of the following is usually sent to prospective buyer when the seller expects payment of the goods dispatched?
A.
Pro-forma invoice
B.
Advice note
C.
Consignment note
D.
Statement of account
E.
Delivery note
View Answer & Discuss
WAEC 1997
42
A company which acquires more than 50% voting shares of another company is called?
A.
a trust
B.
a cartel
C.
an amalgamation
D.
a consortium
E.
a holding company
View Answer & Discuss
WAEC 1997
43
Which of the following is true of a merger?
A.
Original names of the companies are retained
B.
Expansion is restricted
C.
All debts are written off
D.
The company formed aquires a new name
E.
All workers are paid bonuses
View Answer & Discuss
WAEC 1997
44
Which of the following covers damages to the body of a ship and its machinery?
A.
Freight insurance
B.
Cargo insurance
C.
General average insurance
D.
Voyage policy
E.
Hull insurance
View Answer & Discuss
WAEC 1997
45
The major disadvantage of pipeline transportation is that it
A.
does not involve toomuch labour
B.
reduces road congestion
C.
is fast
D.
is not easy to detect damages
E.
is not affected by weather
View Answer & Discuss
WAEC 1997
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