1991 WAEC SSCE Commerce Past Questions

Commerce is an organized system for the exchange of goods between buyers and sellers. Commerce involves the study of the process and activity of buying and selling goods and services, especially on a large scale.

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(a).Why is it important for commercial information to be rapid and accurate?(b) What are the advantages of courier services over public postal services?

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(a) Explain five reasons why many small business turn into private limited liability companies.(b) What are the disadvantages of such a decision?

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(a) What is a business merger?(b) Explain the reasons why some businesses merge.(c) Give three disadvantages of business merger.

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(a) What is marketing?(b) Distinguish between marketing and selling.(c) Explain five functions of marketing.

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The following are the trading of Zainab Trading Co. Ltd, for the year ended 31st December, 1986.Creditors 20,000 Premises 20,000 Machinery 20,000 cash 20000 Debtors 30,000…

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Mention and explain five ways in which a business discharges its social responsibilities to the society.

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Business relationships are deeply rooted in the law of contract'. (a) What is a contract?(b) State the essential elements of a valid contract. (ii) Briefly discuss any three of them.

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Mention and explain five functions performed by the Central Bank of Nigeria showing how they facilitate commercial activities.

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Describe five measures each which a government may take to: (a) restrict imports (b) promote exports.

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(a) In what ways does transport aid trade?(b) Explain the following in connection with water transport: (i) freight (ii) charter party.

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Commerce developed as a result of?

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The sole purpose of production is?

Commerce1991

The major divisions of commerce are?

Commerce1991

The tendency for firms and individuals to concentrate on the activity which is of most advantage of them is known as?

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Which of the following is a commercial service?

Commerce1991

In winding-up a company, the assets of the company are vested in the hands of the?

Commerce1991

The advantage road transport has over other means of transport is that?

Commerce1991

Turnover may be increased by?

Commerce1991

In which of the following classes of occupation would you place a commerce teacher?

Commerce1991

Which of the following is concerned with obtaining raw materials from their natural locations?

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