2002 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.

Commerce2002

(a) Explain four ways by which a registered mail differs from ordinary mail.(b) Explain two advantages and two disadvantages of transporting goods by rail

Commerce2002

Give two uses of each of the following documents: (a) price list (b) delivery note (c) consignment note (d) advice note (e) proforma invoice

Commerce2002

(a) Explain the following: (i) turnover (ii) rate of turnover (iii) net profit(b) The following information is taken from the balance sheet of XYZ Ltd: N opening stock 1,000 purchases…

Commerce2002

(a) What is an advertising medium?(b) Mention eight advertising media.(c) Give five factors to be considered before choosing an advertising medium.

Commerce2002

Explain five measures taken by a country to:(a) restrict imports(b) promote exports

Commerce2002

(a) Give four reasons why retail shops adopt self service.(b) Explain six facilities that a retail shop should have to encourage self service.

Commerce2002

(a) What is a Chamber of Commerce?(b) State six functions of a Chamber of Commerce.(c) State three functions -pc manufacturing association.

Commerce2002

(a) Explain each of the following insurance terms: (i) consequential loss (ii) cover note(b) State four advantages of re-Insurance to a businessman

Commerce2002

(a) State five functions performed by the wholesaler in the channel of distribution.(b) Explain five factors that encourage the elimination of middlemen from the channel of distribution.

Commerce2002

(a) State four characteristics of a co-operative society.(b) Mention and explain three types of co-operative society

Commerce2002

Which of the following has no limit to its membership?

Commerce2002

Which of the following is concerned with actual production of goods and services?

Commerce2002

Transforming raw materials into finished products is an example of?

Commerce2002

Transforming raw materials into finished products is an example of?

Commerce2002

The distribution and exchange of goods and services for the satisfaction of wants in the concern of?

Commerce2002

Which of the following is an internal source of capital to a business concern?

Commerce2002

Which of the following is an internal source of capital to a business concern?

Commerce2002

The refund of a duty which had been paid on importation that are later re-exported is known as?

Commerce2002

2002 WAEC SSCE Commerce Past Questions

(a) Explain four ways by which a registered mail differs from ordinary mail.(b) Explain two advantages and two disadvantages of transporting goods by rail

Give two uses of each of the following documents: (a) price list (b) delivery note (c) consignment note (d) advice note (e) proforma invoice

(a) Explain the following: (i) turnover (ii) rate of turnover (iii) net profit(b) The following information is taken from the balance sheet of XYZ Ltd: N opening stock 1,000 purchases…

(a) What is an advertising medium?(b) Mention eight advertising media.(c) Give five factors to be considered before choosing an advertising medium.

Explain five measures taken by a country to:(a) restrict imports(b) promote exports

(a) Give four reasons why retail shops adopt self service.(b) Explain six facilities that a retail shop should have to encourage self service.

(a) What is a Chamber of Commerce?(b) State six functions of a Chamber of Commerce.(c) State three functions -pc manufacturing association.

(a) Explain each of the following insurance terms: (i) consequential loss (ii) cover note(b) State four advantages of re-Insurance to a businessman

(a) State five functions performed by the wholesaler in the channel of distribution.(b) Explain five factors that encourage the elimination of middlemen from the channel of distribution.

(a) State four characteristics of a co-operative society.(b) Mention and explain three types of co-operative society

Which of the following has no limit to its membership?

Which of the following is concerned with actual production of goods and services?

Transforming raw materials into finished products is an example of?

Transforming raw materials into finished products is an example of?

The distribution and exchange of goods and services for the satisfaction of wants in the concern of?

Which of the following is an internal source of capital to a business concern?

Which of the following is an internal source of capital to a business concern?

The refund of a duty which had been paid on importation that are later re-exported is known as?

An offer by one company to buy up all or greater part of another company's share is known as?

Which of the following does not lead to the dissolution of a partnership?