2007 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.

Commerce2007

(a) Explain five functions of advertising.(b) Explain three merits and two demerits of newspaper advertising.

Commerce2007

(a) State six facilities a good seaport should have.(b) In what four ways is transport important to commerce?

Commerce2007

On June 17, 2006, Mr. Cham wrote an order cheque of M. Sumarch for D500 drawn on Standard Chartered Bank, Bakau (a) State the drawer, the payee and the drawee from the above information.(b) The cheque is crossed "Account…

Commerce2007

Outline five objectives of each of the following:(a) International Monetary Fund (IMF).(b) European Economic Community (EEC).

Commerce2007

(a) Amatco Ltd has an authorized capital of 6,000,000 ordinary shares of D5.00 per share. It issued 3,000,000 ordinary shares and all such shares were bought and paid for at D2.00 a share except 1,000 shares taken by Mr.…

Commerce2007

(a) List and explain four elements of a valid contract(b) Explain four duties of an agent to the principal.

Commerce2007

Differentiate between the following paired terms: (a) Trade discount and cash discount (b) Branding and packaging (c) Indemnity and compensation (d) cash receipt and invoice (e) Credit sales and hire purchase.

Commerce2007

(a) What is balance of payments?(b) List and explain six methods used in correcting an adverse balance of payment.

Commerce2007

(a) Explain five advantages of large scale retailing(b) State five characteristics of each of the following: (i) Department Stores (ii) Supermarkets.

Commerce2007

(a) Explain six functions of wholesalers to manufacturers(b) State four problems that a cooperative society may likely face.

Commerce2007

The various rights attached to different classes of shares are stated in the

Commerce2007

Public enterprises are financed mainly by

Commerce2007

Who among the following does not render direct service?

Commerce2007

The ancillary to trade which ensures that people gain access to facts pertaining to goods is

Commerce2007

A partnership cannot raise its capital by

Commerce2007

Which of the following is classified as an extractive industry ?

Commerce2007

2007 WAEC SSCE Commerce Past Questions

(a) Explain five functions of advertising.(b) Explain three merits and two demerits of newspaper advertising.

(a) State six facilities a good seaport should have.(b) In what four ways is transport important to commerce?

On June 17, 2006, Mr. Cham wrote an order cheque of M. Sumarch for D500 drawn on Standard Chartered Bank, Bakau (a) State the drawer, the payee and the drawee from the above information.(b) The cheque is crossed "Account…

Outline five objectives of each of the following:(a) International Monetary Fund (IMF).(b) European Economic Community (EEC).

(a) Amatco Ltd has an authorized capital of 6,000,000 ordinary shares of D5.00 per share. It issued 3,000,000 ordinary shares and all such shares were bought and paid for at D2.00 a share except 1,000 shares taken by Mr.…

(a) List and explain four elements of a valid contract(b) Explain four duties of an agent to the principal.

Differentiate between the following paired terms: (a) Trade discount and cash discount (b) Branding and packaging (c) Indemnity and compensation (d) cash receipt and invoice (e) Credit sales and hire purchase.

(a) What is balance of payments?(b) List and explain six methods used in correcting an adverse balance of payment.

(a) Explain five advantages of large scale retailing(b) State five characteristics of each of the following: (i) Department Stores (ii) Supermarkets.

(a) Explain six functions of wholesalers to manufacturers(b) State four problems that a cooperative society may likely face.

The various rights attached to different classes of shares are stated in the

Public enterprises are financed mainly by

Who among the following does not render direct service?

The ancillary to trade which ensures that people gain access to facts pertaining to goods is

A partnership cannot raise its capital by

Which of the following is classified as an extractive industry ?

Which of the following was not used as a medium of exchange by the early Europeans that came to West Africa?

Which of the following is best organized as a partnership?

Where a limited partner exists in a partnership

The rate at which the country's import exchanges for its export is known as