2011 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.

Commerce2011

Desola cobola, a business man has the following assets and liabilities as at 01/01/07 Lestock120,000fixtures335,000Debtors111,000Overdraft27,000machinery348,000motor vehicles232,000cash 82,000creditors101,000From the abo…

Commerce2011

(a) Give five reasons for the protection of consumers (b) state five measures taken to protect consumers.

Commerce2011

(a) State four differences between a loan and an overdraft(b) Explain six factors to be considered by a bank manager before granting a loan.

Commerce2011

(a) Outline six functions of advertising(b) Explain seven factors to be considered in choosing an advertising medium

Commerce2011

Explain the following:(a) Insurance underwriter(b) Promoters(c) Auctioneer(d) Factor(e) Broker.

Commerce2011

(a) State two advantages of courier services.(b) List and explain six communication services rendered by the post office.

Commerce2011

(a) List four means of payment in business.(b) Explain the following: (i) Quotation (ii) Hire purchase (iii) Deferred payment (iv) Quantity discount.

Commerce2011

(a) State any four advantages of a public limited company.(b) Explain the following:(I) Ordinary shares (ii) Cumulative preference shares (iii) Debenture.

Commerce2011

(a) State five features of a partnership business.(b) Explain five reasons why governments participate in business.

Commerce2011

(a) Explain industrial occupation. Give three examples.(b) State three uses of capital as a factor of production.(c) State four uses of land as a factor of production.

Commerce2011

Which of the following is not pre-sale service?

Commerce2011

Payment to a ship owner for carrying one's cargo is

Commerce2011

The reward received by a party in a contract agreement is known as

Commerce2011

When the government gives up its ownership and control of a business to individuals, this is known as

Commerce2011

Which of the following are elements of a valid contract?

Commerce2011

One of the advantages of air transport over other forms of transport is

Commerce2011

That portion of the share capital which the company has asked the shareholders to pay for is known as

Commerce2011

The co-operative society that performs a combination of the functions of other types of cooperatives is called

Commerce2011

2011 WAEC SSCE Commerce Past Questions

Desola cobola, a business man has the following assets and liabilities as at 01/01/07 Lestock120,000fixtures335,000Debtors111,000Overdraft27,000machinery348,000motor vehicles232,000cash 82,000creditors101,000From the abo…

(a) Give five reasons for the protection of consumers (b) state five measures taken to protect consumers.

(a) State four differences between a loan and an overdraft(b) Explain six factors to be considered by a bank manager before granting a loan.

(a) Outline six functions of advertising(b) Explain seven factors to be considered in choosing an advertising medium

Explain the following:(a) Insurance underwriter(b) Promoters(c) Auctioneer(d) Factor(e) Broker.

(a) State two advantages of courier services.(b) List and explain six communication services rendered by the post office.

(a) List four means of payment in business.(b) Explain the following: (i) Quotation (ii) Hire purchase (iii) Deferred payment (iv) Quantity discount.

(a) State any four advantages of a public limited company.(b) Explain the following:(I) Ordinary shares (ii) Cumulative preference shares (iii) Debenture.

(a) State five features of a partnership business.(b) Explain five reasons why governments participate in business.

(a) Explain industrial occupation. Give three examples.(b) State three uses of capital as a factor of production.(c) State four uses of land as a factor of production.

Which of the following is not pre-sale service?

Payment to a ship owner for carrying one's cargo is

The reward received by a party in a contract agreement is known as

When the government gives up its ownership and control of a business to individuals, this is known as

Which of the following are elements of a valid contract?

One of the advantages of air transport over other forms of transport is

That portion of the share capital which the company has asked the shareholders to pay for is known as

The co-operative society that performs a combination of the functions of other types of cooperatives is called

Which of the following is used to inform the addressee that he has a registered parcel for collection?

Which of the following is a means of payment?