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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
History of Commerce
Relationship of Commerce with other areas of production
Importance of Commerce in the economy
Occupations
Meaning and Importance
Types of occupations: Industrial, commercial, direct and indirect services
Factors influencing choice of occupation
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Trade Associations and Economic Groups
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Balance of trade/payment, terms of trade
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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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31
An offer of new shares made to existing shareholders at a preferential price is called?
A.
bonus issue
B.
rights issue
C.
private placing
D.
debenture
E.
preference share
View Answer & Discuss
WAEC 1998
32
A trader started business with #30,000 and spent #20,000 in buying premises and equipment, the balance of #10,000 is his
A.
authorised capital
B.
fixed capital
C.
working capital
D.
capital owned
E.
called-up capital
View Answer & Discuss
WAEC 1998
33
New shares are offered for sale to the public through
A.
acceptable houses
B.
the stock exchange
C.
issuing houses
D.
discount houses
E.
mortgage banks
View Answer & Discuss
WAEC 1998
34
Cash-in-hand and at bank as well as debtors are examples of
A.
current assets
B.
fixed assets
C.
capital owned
D.
capital employed
E.
working capital
View Answer & Discuss
WAEC 1998
35
Money spent on acquiring vehicles, furniture and fittings by a manufacturing company is termed
A.
Circulation capital
B.
working capital
C.
fictitious capital
D.
fixed capital
E.
capital owned
View Answer & Discuss
WAEC 1998
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