2009 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.

Commerce2009

The following information is from the books of Auntie Justie, who sells books, for the year ended 31/12/15 Lesales220,000stock 1/1/0560,000purchases180,000stock 31/12/0570,000salaries and wages8,000Debtors16,000Transport…

Commerce2009

(a) Distinguish between nationalization and indigenization(b) State five advantages of nationalization and three disadvantages of indigenization

Commerce2009

(a) Explain the following terms: (i) goodwill (ii) patents (iii) trade mark (iv) copyright(b) State four factors that could lead to the dissolution of a limited liability company

Commerce2009

Explain the following terms as used on the stock exchange market: (a) Backwardation (b) Bear (c) Jobber (d) Jobber's turn (e) Brokerage

Commerce2009

(a) Explain five functions of the Customs Authority(b) State five advantages of international trade

Commerce2009

Describe each of the following documents and state one use of each: (a) consular invoice(b) bill of lading(c) certificate of origin(d) bill of sight

Commerce2009

Explain the following terms:(a) fixed assets(b) certificate of trading(c) dividend(d) authorized capital(e) promoters

Commerce2009

(a) What is personal selling?(b) List and explain six media available to an advertiser of goods and services

Commerce2009

Explain five benefits that would be derived and five losses that would be suffered when a sole trader admits other partners.

Commerce2009

(a) Differentiate between industry and commerce.(b) List and explain four activities of those engaged in commercial occupations

Commerce2009

When an order cheque is endorsed it becomes a

Commerce2009

Which of the following is sent by a supplier who does not want to sell on credit?

Commerce2009

Which of the following occupations come under the extractive industry? i. Cattle-rearing,lumbering,farming ii. Mining, quarrying, hunting iii.Ship building, road construction, iron bending iv. Singing, dancing, barbing

Commerce2009

A person who invented a new machine for making beverages may protect his exclusive right by

Commerce2009

A stale cheque is one on which the date for payment is

Commerce2009

Which of the following is not a contract of indemnity

Commerce2009

Life assurance premium is determined by the assured's

Commerce2009

Retail outlets that have identical store design, layout and stock display are

Commerce2009

Which of the following is a feature of sole proprietorship?

Commerce2009

Which of the following would be used when goods are sent through independent carriers?

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