1998 WAEC SSCE Commerce Past Questions

1998

The dealers who buy and sell stocks and shares in their own name are called

1998

One way of importing goods without the use of foreign exchange is through

1998

Which of the following assists a Nigerian producer to participate in trade fairs and exhibitions abroad?

1998

A partner who contributes to the capital but does not take part in running the business is known as

1998

Which of the following guides the operations of a Partnership?

1998

An agency that is involved in moving goods or people from place to place for a fee is called

1998

The returns from capital investment are known as

1998

Gross profit is correctly ascertained by

1998

A supplier who needs to make additional charges for goods delivered will send

1998

The basic principles upon which International Trade is carried on among countries is

1998

Balance of trade is said to be favourable when

1998

A speculator who applies for new stocks and shares with the intention of selling them them at higher price is a

1998

Which of the following is a disadvantage of road transport?

1998

Which of the following has no legal capacity to a contract

1998

The production process is completed when what is produced

1998

The total asset of business minus its total liability is the

1998

XYZ Ltd's total sales was #100,000. It had opening stock of #20,000 and closing stock of #22,000. It bought goods worth #80,000 and paid #2,000 for rent.XYZ Ltd's profit is

1998

The time allowed for unloading and loading ships is referred to as

1998

Price lists, catalogues and COD are mainly used in operating

1998

Which of the following is not a method of selling

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