WAEC SSCE - Commerce - 2010 (Objective)

In which of the following are members entitled to one vote, irrespective of the number of shares held?

Unlimited liability in business implies that the

Government financial grants is a source of capital to a

Which of the following is a safest way of sending important documents through the post

If a businessman wants to insure against dishonesty of the cashier, he will take

Which of the following is not true of the stock exchange?

Which of the following is not a function of a retailer?

Which of the following must be stated in the article of association?

One roof containing a number of shops is a

Which of the following ancillary services makes it possible for goods to be where they are required?

A firm on the stock exchange which agrees to buy shares not bought after a public offer is

Catalogs are mostly used by

The work of actuaries is to

Mobile shopping involves selling

A cheque issued in January 1997 which the holder failed to present for payment until September 1997 is called a

The practice whereby customers purchase goods without being attended to by shop assistants is

Which of the following is not an advantage of partnership?

When the buyer of an existing share is to receive the pending dividend, the price is

The main function of a thrift and credit cooperative society is to

The exchange of goods for goods in home trade is known as

The document of title to goods being shipped abroad is known as

What is the name of a service where a bank makes regular payment on behalf of its customers

A company whose shares are not easily transferable is a

Which of these qualities guarantees the keeping of money for a long period?

A bonded warehouse is a place for keeping

The legal document that gives a individual power to protect his own piece of invention is called

Which of the following insurance principles states that a person must be in a position to suffer financially in the event of a loss?

Ojo bought a bicycle for #20,000, and repaired it at a cost of #5,000. He then sold the bicycle for #30,000.

What is the cost of goods sold

Ojo bought a bicycle for #20,000, and repaired it at a cost of #5,000. He then sold the bicycle for #30,000

What was his net profit?

The enterprise whose main objective is to provide the public with essential services is known as

Which of the following is used for a single payment of many people at the same time through a bank instead of writing separate cheques?

Which of the following is not a feature of co-operative society?

Which of the following is not a source of fund for sole-proprietorship?

A mortgage bank is primarily concerned with financing the acquisition of

Which of the following is a more suitable medium for advertising a new tractor?

Which of the following can quote its shares on the stock exchange

Which of the following mode of transport involves the use of tramps?

Which of the following is not contained in a deed of partnership?

The import of foreign-produced goods to be re-exported is known as

Which of the following is an advertising function?

Which of the following describes the reason for international trade

Sole proprietorship is a form of business owned by

Small scale retailers continue to survive inspite of serious competition from large scale retailers because they

Ojo bought a bicycle for #20,000, and repaired it at a cost of #5,000. He then sold the bicycle for #30,000.

What is the percentage of expenses over cost?

The selling of articles from place to place on foot is