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Commerce
WAEC 1998
Commerce 1998 WAEC Past Questions
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Introduction to Commerce
Meaning, scope, characteristics and functions of Commerce
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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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76
A partner who contributes to the capital but does not take part in running the business is known as
A.
a sleeping partner
B.
an active partner
C.
a general partner
D.
a nominal partner
E.
a limited partner
View Answer & Discuss
WAEC 1998
77
Which of the following assists a Nigerian producer to participate in trade fairs and exhibitions abroad?
A.
Nigerian Ports Plc
B.
Shipping and Clearing Agents
C.
Federal Airports Authority of Nigeria
D.
Customs and Excise Authority
E.
Nigerian Exports Promotion Council
View Answer & Discuss
WAEC 1998
78
One way of importing goods without the use of foreign exchange is through
A.
exchange controls
B.
entrepot trade
C.
quota
D.
tarriffs
E.
counter trade
View Answer & Discuss
WAEC 1998
79
Balance of trade is said to be favourable when
A.
visible imports exceed visible imports
B.
invisible exports exceed visible imports
C.
invisible imports exceed visible exports
D.
visible exports exceed visible imports
E.
visible exports exceed invinsible imports
View Answer & Discuss
WAEC 1998
80
The basic principles upon which International Trade is carried on among countries is
A.
specialization
B.
absolute cost advantage
C.
comparative cost advantage
D.
division of labour
E.
scarcity
View Answer & Discuss
WAEC 1998
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