Commerce JAMB, WAEC, NECO AND NABTEB Official Past Questions

43

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

  • A. articles of association
  • B. memorandum of association
  • C. balance sheet
  • D. prospectus
View Answer & Discuss WAEC 2013
44

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

  • A. articles of association
  • B. memorandum of association
  • C. balance sheet
  • D. prospectus
View Answer & Discuss WAEC 2013
45

The concept which says that a company’s production policy should be centered on the ultimate user of the product is known as

  • A. market segmentation
  • B. consumer sovereignty
  • C. marketing mix
  • D. marketing research
View Answer & Discuss WAEC 2013
46

Trade fairs and exhibitions are media of

  • A. sales promotion
  • B. customer service
  • C. market segmentation
  • D. advertising
View Answer & Discuss WAEC 2013
47

Trade fairs and exhibitions are media of

  • A. sales promotion
  • B. customer service
  • C. market segmentation
  • D. advertising
View Answer & Discuss WAEC 2013
48

Advertising efforts geared towards a particular audience is known as

  • A. mass advertising
  • B. direct advertising
  • C. persuasive advertising
  • D. indirect advertising
View Answer & Discuss WAEC 2013
49

Advertising efforts geared towards a particular audience is known as

  • A. mass advertising
  • B. direct advertising
  • C. persuasive advertising
  • D. indirect advertising
View Answer & Discuss WAEC 2013
50

A contract made between a ship owner and a merchant for the carriage of cargo is

  • A. ships' manifest
  • B. charter party
  • C. freight forward
  • D. cargo service
View Answer & Discuss WAEC 2013
51

The type of transport a manufacturer will use will be influenced by

  • A. type of sales
  • B. the tax on the goods
  • C. the customer's age
  • D. nature of the goods
View Answer & Discuss WAEC 2013
52

The type of transport a manufacturer will use will be influenced by

  • A. type of sales
  • B. the tax on the goods
  • C. the customer's age
  • D. nature of the goods
View Answer & Discuss WAEC 2013
53

“Not Negotiable” on a cheque means

  • A. ownership can be transferred to the third party by mere delivery
  • B. the cheque can be paid over the counter on endorsement
  • C. the holder has no better title than the person person who transfers it
  • D. ownership rests with the one who issued the cheque
View Answer & Discuss WAEC 2013
54

“Not Negotiable” on a cheque means

  • A. ownership can be transferred to the third party by mere delivery
  • B. the cheque can be paid over the counter on endorsement
  • C. the holder has no better title than the person person who transfers it
  • D. ownership rests with the one who issued the cheque
View Answer & Discuss WAEC 2013
55

The cost of telephone conversation is determined by

  • A. number of words spoken
  • B. person sending the message
  • C. duration of the conversation
  • D. urgency of the message conveyed
View Answer & Discuss WAEC 2013
56

The cost of telephone conversation is determined by

  • A. number of words spoken
  • B. person sending the message
  • C. duration of the conversation
  • D. urgency of the message conveyed
View Answer & Discuss WAEC 2013
57

The use of current account in business is convenient because

  • A. withdrawal can be made at any time
  • B. deposits earn higher interests
  • C. loans are always available
  • D. notices are necessary befor withdrawals
View Answer & Discuss WAEC 2013
58

Which of the following protects consumers against poor quality foods

  • A. Chambers of Commerce
  • B. Standard Organization
  • C. Trade Association
  • D. Manufacturers Association
View Answer & Discuss WAEC 2013
59

Mr Biu has been paying the premium of a straight Life Assurance policy for several years. The surrender value of the policy is the amount that

  • A. would be paid to mr Biu if he should discontinue with the policy
  • B. would be paid to mr Biu's beneficiary if he dies
  • C. is paid annually by mr Biu to the insurance company
  • D. the amount mr Biu has paid plus interest
View Answer & Discuss WAEC 2013
60

Mr Biu has been paying the premium of a straight Life Assurance policy for several years. The surrender value of the policy is the amount that

  • A. would be paid to mr Biu if he should discontinue with the policy
  • B. would be paid to mr Biu's beneficiary if he dies
  • C. is paid annually by mr Biu to the insurance company
  • D. the amount mr Biu has paid plus interest
View Answer & Discuss WAEC 2013
61

An insurance policy that covers the body of the ship only is called

  • A. Haulage insurance
  • B. Voyage insurance
  • C. Hull insurance
  • D. Cargo insurance
View Answer & Discuss WAEC 2013
62

An insurance policy that covers the body of the ship only is called

  • A. Haulage insurance
  • B. Voyage insurance
  • C. Hull insurance
  • D. Cargo insurance
View Answer & Discuss WAEC 2013
63

To endorse a cheque means to

  • A. write and sign one's name at the back of the cheque
  • B. write "pay cash" on the cheque
  • C. cross the cheque
  • D. stop the payment of the cheque
View Answer & Discuss WAEC 2013