1994 WAEC SSCE Commerce Past Questions

1994

(a) What is planning?(b) Explain five advantages of delegation of authority.

1994

(a) Describe four obligations of the employer to the employee.(b) State four duties of the employee to the employer.

1994

(a) What is personal selling?(b) Explain four reasons why firms engage in personal selling.

1994

Explain five ways by which NITEL has contributed to the success of business in Nigeria.

1994

(a) Distinguish between commercial banks and merchant banks.(b) Explain each of the following: (i) Order cheque (ii) Bearer cheque (iii) Certified cheque (iv) Non-Negotiable cheque.

1994

(a) What is transportation by pipeline?(b) Explain any four advantages and four disadvantages of transportation by pipeline.

1994

(a) What is production?(b) Explain the different activities involved in industrial, commercial and service occupations.

1994

(a) Who is an agent?(b) Give six duties of an agent.(c) State three rights of an agent.

1994

Explain any five ways in which nationalised industries differ from public limited companies.

1994

(a) What is Credit?(b) Explain three ways by which banks grant credit to customers.(c) Give two advantages and three disadvantages of credit sales.

1994

Which of the following relies on the government for its initial capital?

1994

Which of the following is not used by the Central Bank to restrict lending by commercial banks?

1994

An agreement between two parties which can be enforced is called?

1994

A business that has no upper limit to the number of owners is?

1994

Capital owned is the same as?

1994

Which of the following is an example of a commercial occupation?

1994

An establishment that specializes in taking care of risks is called?

1994

An association of firms, producing similar commodities, formed in order to keep up prices by restricting output is called?

1994

The most acceptance and convenient means of payment in foreign trade is?

1994

A cheque does not contain?

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