2013 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.

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(a) Define the following terms(i) nationalization (ii) Indigenization (iii) commercialization (iv) privatization(b) state four reasons why government should participate in business

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(a) Explain the meaning of market segmentation(b) List and explain four factors to be considered in segmenting a market

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State two distinguishing features between each of the following;(a) Tramps vessels and ocean liners(b) A factor and a broker(c) A commissioned agent and a del credere agent(d) consular invoice and proforma invoice(e) Ins…

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(a) state five importance of personal selling to a business (b) Explain five reasons why communication is important to a business

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Explain the following insurance terms;(a) proximate cause(b) surrender value(c) contribution(d) utmost good faith(e) premium

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Write explanatory notes on the following Stock Exchange terms (a) Bull (b) Bear (c) Option (d) Backwardation (e) Contango

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(a) What is mail order business?(b) list and explain six trends in retailing

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(a) State five features of a public corporation(b) list and explain five sources of capital available to a limited liability company

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(a) Distinguish between Commerce and Industry(b) (i) Explain three activities involved in industry(ii) Explain five activities involved in commerce

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a) Explain the following types of discount:Trade discount;Quantity discount;Cash discount;Seasonal discount. b) State five functions of a development bank.

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From the above information calculate the: (a) turnover (b) cost of goods sold (c) gross profit (d) Rate of stock turn LeRent 25,000sales850,000return outwards15,000purchase400,000returns inwards25,000Insurance45,000fixtu…

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Who among the following does not render direct service?

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

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

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Public enterprises are financed mainly by

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Carriage forward on an invoice means

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A document used as a polite way of refusing credit is

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If a share is quoted ex-div, it means the new buyer would

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Voyage policy insurance is associated with

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An insurance principle that prevents a person from insuring what he does not stand to lose financially if the insured risk occurs is

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