Commerce JAMB, WAEC, NECO AND NABTEB Official Past Questions

3025

Penalty imposed by a ship owner for exceeding the period charter is

  • A. lump sum
  • B. dock dues
  • C. tariff
  • D. demurrage
  • E. dead frieght
View Answer & Discuss WAEC 1998
3026

Penalty imposed by a ship owner for exceeding the period charter is

  • A. lump sum
  • B. dock dues
  • C. tariff
  • D. demurrage
  • E. dead frieght
View Answer & Discuss WAEC 1998
3027

Which of the following is not a business resource?

  • A. Market
  • B. Man
  • C. Money
  • D. Machine
  • E. Materials
View Answer & Discuss WAEC 1998
3028

One advantage of direct selling is

  • A. low cost
  • B. immediate feedback
  • C. mass appeal
  • D. self-service
  • E. speedy market coverage
View Answer & Discuss WAEC 1998
3029

Which of the following guarantees payment on presentation?

  • A. Certified cheque
  • B. Crossed cheque
  • C. Order cheque
  • D. Bearer cheque
  • E. Open cheque
View Answer & Discuss WAEC 1998
3030

Which of the following guarantees payment on presentation?

  • A. Certified cheque
  • B. Crossed cheque
  • C. Order cheque
  • D. Bearer cheque
  • E. Open cheque
View Answer & Discuss WAEC 1998
3031

Which of the following is legally used by the insured while the policy is being processed?

  • A. Cover note
  • B. Proposal form
  • C. Indemnity form
  • D. Premium
  • E. Claim Form
View Answer & Discuss WAEC 1998
3032

Which of the following is legally used by the insured while the policy is being processed?

  • A. Cover note
  • B. Proposal form
  • C. Indemnity form
  • D. Premium
  • E. Claim Form
View Answer & Discuss WAEC 1998
3033

In the capital structure of a Public Limited Company, the term equity refers to

  • A. preference shares
  • B. ordinary shares
  • C. debentures
  • D. stocks
  • E. bonds
View Answer & Discuss WAEC 1998
3034

XYZ Ltd’s total sales was #100,000. It had opening stock of #20,000 and closing stock of #22,000. It bought goods worth #80,000 and paid #2,000 for rent.

XYZ Ltd’s Net Profit is

  • A. #58,000.00
  • B. #38,000.00
  • C. #24,000.00
  • D. #22,000.00
  • E. #20,000.00
View Answer & Discuss WAEC 1998
3035

XYZ Ltd’s total sales was #100,000. It had opening stock of #20,000 and closing stock of #22,000. It bought goods worth #80,000 and paid #2,000 for rent.

XYZ Ltd’s profit is

  • A. #58,000.00
  • B. #42,000.00
  • C. #38,000.00
  • D. #22,000.00
  • E. #20,000.00
View Answer & Discuss WAEC 1998
3036

The time allowed for unloading and loading ships is referred to as

  • A. days of grace
  • B. charter by demise
  • C. voyage charter
  • D. time charter
  • E. lay days
View Answer & Discuss WAEC 1998
3037

The time allowed for unloading and loading ships is referred to as

  • A. days of grace
  • B. charter by demise
  • C. voyage charter
  • D. time charter
  • E. lay days
View Answer & Discuss WAEC 1998
3038

Price lists, catalogues and COD are mainly used in operating

  • A. chain stores
  • B. supermarkets
  • C. department stores
  • D. mail order business
  • E. hypermarkets
View Answer & Discuss WAEC 1998
3039

Price lists, catalogues and COD are mainly used in operating

  • A. chain stores
  • B. supermarkets
  • C. department stores
  • D. mail order business
  • E. hypermarkets
View Answer & Discuss WAEC 1998
3040

Which of the following is not a method of selling

  • A. Self-services
  • B. Exhibition
  • C. Mail Order
  • D. Stock control
  • E. Automatic vending
View Answer & Discuss WAEC 1998
3041

Which of the following is not a method of selling

  • A. Self-services
  • B. Exhibition
  • C. Mail Order
  • D. Stock control
  • E. Automatic vending
View Answer & Discuss WAEC 1998
3042

The Third Party Motor Vehicle Insurance Policy covers damages

  • A. to both passengers and vehicle
  • B. caused by the vehicle insured
  • C. to all parties concerned
  • D. to all vehicles involved
  • E. to the insured vehicle only
View Answer & Discuss WAEC 1998
3043

A speculator who applies for new stocks and shares with the intention of selling them them at higher price is a

  • A. bull
  • B. stag
  • C. bear
  • D. jobber
  • E. broker
View Answer & Discuss WAEC 1998
3044

Which of the following is a disadvantage of road transport?

  • A. Takes an available route
  • B. Fast overshort distances
  • C. Increased handling of goods
  • D. Offers door-to-door services
  • E. Relatively cheap
View Answer & Discuss WAEC 1998
3045

Which of the following is a disadvantage of road transport?

  • A. Takes an available route
  • B. Fast overshort distances
  • C. Increased handling of goods
  • D. Offers door-to-door services
  • E. Relatively cheap
View Answer & Discuss WAEC 1998