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Commerce 2015 WAEC Past Questions

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BXY Enterprise has the following balance at the end of march 2010
opening stock D6,000
purchases D23,000
salaries and wages D12,000
closing stock D8,000
sales D30,000

Use the information above to answer the following question.

16

what is the rate of turnover by BYX Enterprise

  • A. 5.0 times
  • B. 3.5 times
  • C. 3.0 times
  • D. 1.5 times
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17

which of the following workers is engaged in construction occupation

  • A. mason
  • B. shop assistant
  • C. farmer
  • D. train driver
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18

A cheque which the bank refused to pay because the drawer had insufficient funds in his account is?

  • A. a bounced cheque
  • B. a bearer cheque
  • C. a crossed cheque
  • D. an order cheque
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19

which of the following is a function of the retailer to the wholesaler

  • A. providing after sales services
  • B. providing information on market trends
  • C. sales of variety of goods
  • D. sales of goods in smaller quantities
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20

The term utmost good faith in insurance means?

  • A. both the insured and insurer must disclose all information
  • B. only the insurer must disclose all information
  • C. the beneficiary must disclose all information
  • D. only the insured must disclose all information
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