2014 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) Explain current assets giving two examples.(b) State two uses of working capital(c) The state of affairs of Zig stores as at 31st December, 2009 shows the following. You are required to calculate Zig Stores:…

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(a) What is a stock exchange market.(b) Explain six functions of the stock exchange market

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(a) Define a contract of sale(b) Outline six items that must be contained in a contract sale.

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(a) What is packaging(b) State three disadvantages of packaging(c) State five reasons for the packaging of products by Manufacturers.

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Explain each of the following insurance concepts(a) non indemnity insurance(b) Group insurance(c) Re-insurance(d) Under insurance(e) Consequential loss insurance.

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(a) State five problems of barter system of trading(b) Explain five ways in which the introduction of money has solved the problems stated in 3 (a) above.

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(a) Define a multiple shop(b) State three features of a multiple shop(c) Explain three advantages and three disadvantages of a Multiple shop.

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Compare a public limited company with partnership under the following headings (a) formation: (b) Ownership and Control: (c) Source of Capital: (d) Liability: (e) Dissolution:.

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a) What is branding?b) State three advantages of branding to each of the following:Manufacturer;Retailer;Consumer

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a) Explain the term “exchange in commerce b) What is impulse buying?

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Which of the following is engaged in commercial occupation?

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In a hire purchase contract, the customer becomes the legal owner of the goods by

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Shares, bonds, stocks and debentures traded on the stock exchange are collectively called

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A price quotation which includes all the expenses involved in loading the goods into a ship is

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In the absence of the bill of lading, which of the following is used o clear the goods

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Fidelity guarantee insurance will only cover

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The charge paid to a ship owner for the unused part of a ship is known as

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The ratio between a country's exports and her imports prices is the

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"Net 3 months" on an invoice means the buyer will

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A person who gave his building as a security for loan is known as a

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