2012 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.

Commerce2012

Ade Company Limited has an authorized capital of 80,000 shares of N20 each, out of which 30,000 shares have been fully subscribed by the public and allotted as at 31st March 2006. Other assets and liabilities were:Credit…

Commerce2012

(a) Differentiate between Nationalization and Indigenization. (b) State six reasons why a country would indigenize some industries.

Commerce2012

Explain the following documents used in international trade: (a) Indent;(b) Bill of lading(c) Consular invoice(d) Certjficate of origin(e) Bill of exchange.

Commerce2012

(a) What is a contract? (b) List five elements of a valid contract.(c) Explain four ways by which a contract may be discharged.

Commerce2012

(a) Define the term market segmentation.(b) List six factors that influence market segmentation. (c) State five advantages of advertising.

Commerce2012

(a) Explain five factors affecting the choice of transport of frozen products.(b) State five disadvantages of air transport.

Commerce2012

(a) What is credit?(b) List and explain six principles of insurance.

Commerce2012

(a) What is channel of distribution?(b) With the aid of diagrams, show four examples of channel of distribution.(c) Explain five advantages of home trade over foreign trade.

Commerce2012

(a) Explain the following: (i) limited liability (ii) separate legal entity (iii) ceritficate of incorporation (iv) participating preference shares (v) ordinary shares. (b) State five advantages of public corporation.…

Commerce2012

(a) The chart above gives the main divisions of Commerce, complete the chart by filling in the blank spaces labeled (i) to (viii). (b) Explain the following, give one example of each:(i) Primary production (ii) Secondar…

Commerce2012

An issuing house is an outlet for

Commerce2012

The development of trade in West Africa was aided by the

Commerce2012

A voluntary body formed by people in the same line of business for the purpose of protecting their interest is a

Commerce2012

A cheque drawn by a bank on itself is a/an

Commerce2012

Which of the following is an example of large-scale retailing?

Commerce2012

The relationship between all imports and exports of a country is known as

Commerce2012

Which of the following is quoted when the buyer is responsible for the cost of loading the goods from the seller's warehouse up to his own warehouse?

Commerce2012

Collecting information on the taste of consumers and the extent of demand for a product is

Commerce2012

Which of the following is classified as invisible item in balance of payment?

Commerce2012

Buildings and machinery used in the running of a business are examples of

1 2 3