2005 WAEC SSCE Commerce Past Questions

2005

Describe the following documents and state one use of each; (a) consignment note(b) bill of sight(c) catalogue(d) manifest(e) waybill.

2005

(a) What is Nationalization?(b) Explain three rea-sons why government nationalizes some businesses.(c) State four disadvantages of nationalization.

2005

Explain the following and give three benefits of each:(a) branding(b) after sales service(c) self-service(d) vending machine

2005

(a) State five characteristics of a limited liability company.(b). Explain five sources of funds to a public limited company.

2005

List and explain five methods used by the Central Bank to control the activities of the commercial banks.

2005

Explain the following terms used in insurance: (a) surrender value(b) cover note(c) policy(d) re-insurance(e) group insurance

2005

List and explain five functions of marketing.

2005

(a) State four reasons why transport is important to commerce.(b) Explain three advantages and three disadvantages of air transport.

2005

(a) Distinguish between trade and commerce.(b) Describe five different activities engaged in by people in commercial occupations.

2005

Which of the following is an advantage of indigenization ?

2005

The form of trade practiced by the early men was characterized by

2005

The distribution of profits based upon the level of patronage in the business is a common feature of

2005

An advantage of a public limited company over a private one is the

2005

Production is defined as

2005

Which of the following coordinates other factors of production to achieve set objectives?

2005

Farming is an activity that falls under?

2005

The nominal capital of a public limited company is made up of 400,000 ordinary shares of 50k each.The Board of Directors decided to issue 50% of it for subscription by the public.The authorized share capital is

2005

Partnership form of business is most appropriate

2005

Partnership form of business is most appropriate

2005

Which of the following would not affect the form of a business unit

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