1997 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.

Commerce1997

(a) State five objectives of establishing the Economic Community of West African States(b) Give five reasons why the Lake Chad Basin Commission was established.

Commerce1997

Explain five reasons for consumer protection, stating in each case one relevant government law aimed at the enforcement.

Commerce1997

(a) Give five reasons why a life assurance policy may be taken(b) Describe any five insurance policies which a large department shop owner may take.

Commerce1997

(a) Explain five factors which determine the span of control(b) Give five functions of the personnel department in a business establishment.

Commerce1997

(a) Describe five ways by which commercial banks aid international trade(b) State and explain five functions of the Nigerian Export Promotion Council

Commerce1997

(a) What is an advertising medium?(b) State any five factors to be considered before choosing a particular advertis-ing medium.(c) Give eight examples of advertising media

Commerce1997

(a) Identify four environmental factors that affect business(b) Explain how each of the factors mentioned in (a) above affects business operations

Commerce1997

Explain five services of each of the following; (a) Courier firms (b) NITEL

Commerce1997

(a)Give six features of a public company(b)Explain four reasons for winding up a public limited company

Commerce1997

Explain any five reasons why commerce is important in the life of a nation

Commerce1997

An association that mobilizes the savings of members and channels them to needy members is known as

Commerce1997

The fastest means of sending a printed message from Lagos to London is through

Commerce1997

Extractive occupation is an example of

Commerce1997

Which of the following is not a source of capital to a partnership?

Commerce1997

An overdraft can only be granted to the holder of a

Commerce1997

Commerce developed as a result of

Commerce1997

Which of the following is the clearing house for all the banks in the country?

Commerce1997

If Ade issues a Union Bank cheque to Chukwu, the Union Bank is the

Commerce1997

Who among the following comes first in the channel of distribution?

Commerce1997

Who among the following is not an agent?

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