WASSCE COMMERCE MAY/JUNE 2018 (SSCE WAEC MAY/JUNE 2018 COMMERCE)
1
A document through which invitation is extended to the public to subscribe to shares is?
A. article of association
B. memorandum of association
C. prospectus
D. qoutation
2
Activities which fascilitates commerce include
A. engaging youths in environmental sanitation
B. funding political campaigns
C. providing recreational facilities
D. improving road network
3
WASSCE COMMERCE MAY/JUNE 2017 (SSCE WAEC MAY/JUNE 2017 COMMERCE)
1. Commercial activities received a great boost in West Africa due to contact with?
A. Asians
B. Europeans
C. Americans
D. Africans
2
The job of the polic in keeping law and order in the society is?
A. a commercial service
B. an indirect service
C. a direct service
WASSCE COMMERCE MAY/JUNE 2016 (SSCE WAEC MAY/JUNE 2016 COMMERCE)
1. Where a number of insurance companies are liable under one Policy, the principle applicable is
A. Subrogation
B. Contribution
C. Indemnity
D. Utmost good faith
2. Buying and Selling in the stock exchange in anticipation of changes in the share prices is
A. hedging
B. projection
C. forecasting
D. speculation
WASSCE COMMERCE MAY/JUNE 2015 (SSCE WAEC MAY/JUNE 2015 COMMERCE)
1. The practice of giving a particular name to a product by a manufacturer is
A. branding
B. standardization
C. publicity
D. advertising
2. An extra commission paid to an agent who guarantees credit sales made by firm is
A. del-credere
B. guarantor’s fee
C. jobber’s turn
D. brokerage
WASSCE COMMERCE MAY/JUNE 2014 (SSCE WAEC MAY/JUNE 2014 COMMERCE)
1. A price quotation which includes which include all the expenses involved in loading the goods into a ship is
A. Free on Board (FOB)
B. Free Alongside Ship(FAS)
C.Cost, Insurance Freight (C.I.F)
D. ex-ship
2. Shares, bonds, stocks and debentures traded on the stock exchange are collectively called
A. collaterals
B. Commodities
C. resources
WASSCE COMMERCE MAY/JUNE 2013 (SSCE WAEC MAY/JUNE 2013 COMMERCE)
1
A document used as a polite way of refusing credit is
A. advice note
B. quotation
C. proforma invoice
D. invoice
2
Carriage forward on an invoice means
A. carriage will be paid next time
B. carriage will be paid by seller
C. carriage will be paid by buyer
D. carriage has been paid
3
WASSCE COMMERCE MAY/JUNE 2012 (SSCE WAEC MAY/JUNE 2012 COMMERCE)
1
The development of trade in West Africa was aided by the?
A. emergence of traditional rulers
B. arrival of the portuguese
C. introduction of tax payment
D. introduction of money
2
An issuing house is an outlet for?
A. new shares and bonds
B. non-listed companies shares
C. existing shares and bonds
D. only gilt-edged securities
3
SSCE MAY/JUNE COMMERCE OBJECTIVE 2011
1. When the government gives up its ownership and control of a business to individuals this is known as
A. nationalization
B. commercialization
C. privatization
D. indigenization
2. The reward received by a party in a contract agreement is known as
A. consideration.
B. acceptance.
C. offer.
D. warranty.
3. Payment to a ship owner for carrying one’s cargo is
OBJECTIVE QUESTIONS1. A bonded warehouse is a place for keeping A. contraband goods B. dutiable goodsC. tax free goods.D. smuggled goods.2. Which of the following can quote its shares on the stock exchange? A. Partnership B. Sole proprietorship C. Co-operative societyD. Public Limited Company3. If a businessman wants to insure against dishonesty of the cashier, he will take A. a burglaty policy.B. an employer’s liability coverC. a fidelity guarantee cover D.
WASSCE COMMERCE MAY/JUNE 2009 (SSCE WAEC MAY/JUNE 2009 COMMERCE
1. A person who invented a new machine for making beverages may protect his exclusive right by
A. labelling the product
B. obtaining a patent
C. choosing a name for the product
D. obtaining a trade mark
2. Which of the following occupations come under the extractive industry?