2015 Commerce WAEC Objective Past Questions

The practice of giving a particular name to a product by a manufacturer is

An extra commission paid to an agent who guarantees credit sales made by him is

A professional in insurance who evaluates the level of loss claims is an

The insurance services rendered to a foreign shipping company are treated as

Dividing the market for a product according to potential buyers who have common characteristics is

Which of the following aids to trade facilitates production ahead of demand

When a government acquires business enterprises formerly owned by individuals, it is termed?

How many countries make up the River Niger Basin commission?

Which of the following means of payment makes the bank both the drawer and drawee?

An association that protects the interest of members in the same line of business is?

Use the following information to answer the question

Bamidele co. ltd has authorized capital of 40,000,000, ordinary shares of N4 each. Shares issued and fully paid are 25,000,000.

The value of Bamidele co. ltd authorized share capital is?

Use the following information to answer the question

Bamidele co. ltd has authorized capital of 40,000,000, ordinary shares of N4 each. Shares issued and fully paid are 25,000,000.

The value of the issued capital of the company is

Use the following information to answer the question

Bamidele co. ltd has authorized capital of 40,000,000, ordinary shares of N4 each. Shares issued and fully paid are 25,000,000.

The unissued capital amounts to

Which of the following aids to trade is used to stimulate demand for goods?

The term consumer sovereignty means that?

Which of the following activities is classified under extractive industry?

BYX Enterprise has the following balance at the end of March 2010:

Use the information above to answer the following question.

BXY Enterprise has the following balance at the end of March 2010:

Use the information above to answer the following question.

Which of the following workers is engaged in construction occupation?

A cheque which the bank refused to pay because the drawer had insufficient funds in his account is?

Which of the following is a function of the retailer to the wholesaler?

The term “utmost good faith” in insurance means?

Which of the following business units enjoys government subsidies?

Duty drawback refers to duties paid on

The capital used in the day to day running of a business is?

Which of the following is classified under current assets?

The reduction in the value of a country’s currency in  relation to others is?

Which of the following is an aspect of marketing concept?

Retail outlets which sell from specialised vans are called?

The practice of selling goods in foreign markets at a price lower than the cost price is?

A cheque made payable to a named person is?

A house insured against damage by flooding was burnt down and the owner had no claim. Which of the following principles prevented him from making a claim:

The market for short term capital is called

Which of the following principles stipulates that the insured must be in a position to suffer financial loss

When shares are sold ex–div it means the

Turnover could be increased by

Commerce started as a result of?

Which of the following is used for making payments to many people in a single cheque?

Equity interest in a company is represented by?

When two insurers are liable under a given common policy, the principle of insurance that applies is?

All activities aimed at creation of a good image for an organisation are referred to as

Which of the following is a disadvantage of foreign trade?

The study to discover consumers’ preference and needs is called

A private limited liability company differs from a public limited liability because it

Which of the following is a disadvantage of retailing?

A tax charged in proportion to the value of imported goods is?

Which of the following is a reason for failure of public corporations

Which of the following is a document of title of goods?

The fee paid for transporting goods by ship is

The factor that is not considered when determining the means of transport suitable for cargo is