1996 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.

Commerce1996

(a) Give two uses of each of the following documents in business transaction. (I) Proforma invoice (ii) Advice note (iii) Credit note (iv) Statement of account (v) Receipt.

Commerce1996

(a) Give four uses of an Organization chart(b) Explain three reasons why managers may refuse to delegate(c) State three advantages of delegation of authority.

Commerce1996

(a) What is public relations?(b) State and explain five media of public relations.

Commerce1996

(a) Give three similarities and three differences between hire purchase and deferred payment.(b) Explain four reasons why a trader would prefer the use of cheque to cash for large payments.

Commerce1996

Explain the social responsibilities of a business to the following: (a) the community (b) the employee (c) the shareholders (d) the government (e) the consumers.

Commerce1996

State five aids to trade and explain how each facilitates trade.

Commerce1996

(a) Give any five features which are common to both cooperative societies and private limited companies(b) Explain any five differences between cooperative societies and private limited companies.

Commerce1996

Write short notes on each of the following (a) Marine insurance,(b) Accident insurance(c) Group insurance(d) Export Credit Guarantee insurance(e) Fire insurance

Commerce1996

(a) State five reasons why road transport would be preferred to rail transport(b) Give five functions of the Nigerian Airport Authority.

Commerce1996

(a) Give two examples of small-scale retail outlets and three examples of large- scale retail outlets(b) Explain five reasons for the survival of small-scale retailers.

Commerce1996

Which of the following is not the duty of an entrepreneur?

Commerce1996

The primary purpose of credit cards is to

Commerce1996

Industrial, commercial and direct services are branches of

Commerce1996

When a company buys up firms supplying it with raw materials, this is an example of

Commerce1996

Which of the following is used to transmit typed messages over long distances?

Commerce1996

The difference between the total amount of money received by a country and the total amount paid to other countries within a given period is the

Commerce1996

The process of involving local businessmen in the ownership and control of businesses that were formerly owned by foreigners is called

Commerce1996

Which of the following stresses the use of only specialists to head departments?

Commerce1996

An insurance company shares its accepted risk with others in the form of

Commerce1996

Which of the following is not a credit instrument used in business transactions?

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