2004 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.

Commerce2004

State two advantages of using each of the following media of advertising: (a)Newspaper(b) Radio(c) Television(d )Posters(e) Direct mail.

Commerce2004

List and describe five ways by which the post office aids business.

Commerce2004

(a) Give five reasons why consumers need protection.(b) Explain five means by which consumers can be protected

Commerce2004

(a)Distinguish between Authorized Capital and Called-up Capital(b) Use the following information to answer the questions that follow: XYZ Limited is a trading company. The following transactions took place in the month o…

Commerce2004

(a) Adama and Awa have teamed up to form a partnership business. Explain five benefits they are likely to derive(b) State five provisions in the Partnership Deed.

Commerce2004

(a) What is the difference between Privatization and Nationalization?(b) Explain four reasons why a country may choose to privatize state-owned enterprises.

Commerce2004

State five effects of hire purchase on each of the following (a) buyer; (b) seller

Commerce2004

Explain the following (a) Prospectus(b) Share certificate(c) Underwriting of shares(d) Ordinary shares (e)Dividend warrants.

Commerce2004

List and explain five problems associated with international trade.

Commerce2004

(a) What is a Capital Market?(b) State eight reasons why a bank may dishonour a cheque.

Commerce2004

Which of the following is not a function of commerce?

Commerce2004

The divisions of production are

Commerce2004

Any activity that changes raw materials into consumer or industrial goods is

Commerce2004

The amalgamation of firms engaged in cotton processing and the manufacturing of textiles is

Commerce2004

A business becomes a separate legal entity after it has

Commerce2004

In which of the following business units are profits shared on the basis of membership patronage?

Commerce2004

The main aim of credit and thrift societies is to

Commerce2004

Risks in business are borne by the

Commerce2004

Which of the following is a duty of the Employers Association?

Commerce2004

Dividend is always expressed as a percentage of total

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