WASSCE COMMERCE MAY/JUNE 2008 (SSCE WAEC MAY/JUNE 2008 COMMERCE
1. Commerce can be defined as the
A. exchange of goods and services
B. distribution and exchange of goods and services
C. distribution of services at home
D. export of services.
2. Which of the following is not a function of commerce?
A. Facilitates mass production of goods
B. Assists in raising capital
WASSCE COMMERCE MAY/JUNE 2007 (SSCE WAEC MAY/JUNE 2007 COMMERCE
OBJECTIVE TEST QUESTIONS
1. Which of the following was not used as a medium of exchange by the early Europeans that came to West Africa?
A. Pounds and shillings
B. Copper manillas
C. Iron bars
D. Cowries.
2. The ancillary to trade which ensures that people gain access to facts pertaining to goods is
A. insurance
WASSCE COMMERCE MAY/JUNE 2006 (SSCE WAEC MAY/JUNE 2006 COMMERCE)
1. A transporter who offers to carry goods for anyone at a fee is called
A. a national carrier
B. a common carrier
C. a private carrier
D. an independent carrier
2. A dormant partner is one who
A. does not work hard
B. lent his name to the business
C. has limited liability
D. does not partake in running the business
3
WASSCE COMMERCE MAY/JUNE 2005 (SSCE WAEC MAY/JUNE 2005 COMMERCE)
WASSCE JUNE 2005 COMMERCE
Answers all the questions.
1. The form of trade practiced by the early men was characterized by?
A. exchange of goods for money
B. efficient distribution system
C. exchange of goods for goods
D. organized warehousing
2. Which of the following is an advantage of indigenization?
WASSCE COMMERCE MAY/JUNE 2000 (SSCE WAEC MAY/JUNE 2000 COMMERCE)
Answer all the questions
1. Which of the following can be defined-as trade and aids to trade?
A. Advertising
B. Commerce
C. Wholesaling
D. Retailing
2. Which of the following is not a source of finance to a sole proprietor?
A. Trade Credit
B Overdrafts
C. Debentures