Commerce2006
(a) State one use of each of the following: (i) Letter of enquiry (ii) Invoice (iii)Advice note (iv) Credit note (v) Statement of account (vi) Debit note.(b) Identify two advantages and two disadvantages of automatic ve…
See more
2006 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.
Commerce2006
(a) State five functions of a chamber of commerce.(b) Explain five functions of a trade association.
See more
Commerce2006
(a) List four types each of: (i) Small scale retailers. (ii) Large scale retailers.(b) Explain four reasons why small scale retailers survive despite the dominance of large scale retail outlets.
See more
Commerce2006
(a) Define marketing mix(b) Explain the term marketing concept.(c) List and describe the four elements of marketing mix.
See more
Commerce2006
(a) Explain seven functions of a commercial bank.(b) Explain three types of accounts that are operated in a commercial bank.
See more
Commerce2006
(a) What is turnover?(b) The following information relates to Mrs. Lulu, a trader. Goodsselling price Ncost price Nselling expenses NBuckets Boxes Bournvita Lace material4,000 5,000 6,000 12,0003,500 4,000 5,500 10,5004…
See more
Commerce2006
(a) Who is a common carrier?(b) State three functions of each of the following communication agents: (i) Post Office. (ii) Telecommunication. (iii) Courier companies.
See more
Commerce2006
(a) What is non-indemnity insurance?(b) List and explain three types of life assurance policies.(c) Explain the term surrender value.
See more
Commerce2006
(a) State three differences between: (i) shareholders and debenture holders. (ii) Ordinary shares and preference shares.(b) Explain four reasons for winding up a public limited company.
See more
Commerce2006
(a) What is foreign trade?(b) Explain four ways by which foreign trade is different from home trade.(c) State five reasons why countries restrict foreign trade.
See more
Commerce2006
A transporter who offers to carry goods for anyone at a fee is called
See more
Commerce2006
Labour and entrepreneur are examples of
See more
Commerce2006
The printing of catalogs is one of the costs associated with the operation of
See more
Commerce2006
Which of the following does not determine the size of a business unit
See more
Commerce2006
The right that a debenture holder has on the earnings of a company is
See more
Commerce2006
A dormant partner is one who
See more
Commerce2006
The following information relates to Mallam Amidu Kachella for the year ended 31/12/2005.#Opening stock 4,000Purchases 16,000Sales 30,000Debtors 6,500Creditors 4,200Cash in hand 800Closing stock 5,600Bank overdraft 3,000…
See more
Commerce2006
Which of the following is used only in international trade?
See more
Commerce2006
The price quotation where the buyer uses his own means to collect goods from the producer's warehouse is
See more
Commerce2006
Which of the following groups of activities are commercial services
See more