Waec Commerce 1996 Past Questions and Answers

Question 91:

• WAEC 1996

The shares of XYZ Plc are quoted at the stock exchange by a jobber at 85k for k share. How much will Alabi, an investor who buys 500 shares pay?

A. #675.00
B. #425.00
C. #250.00
D. #175.00
E. #75.00

Question 92:

• WAEC 1996

An agent who guarantees payments for goods sold is

A. A factor
B. A del credere agent
C. A broker
D. A partner
E. An aunctioneer

Question 93:

• WAEC 1996

Dumping means selling goods abroad

A. At a lower price than in the home market
B. At a higher price than in the home market
C. At the same price as in the home market
D. On credit in the foreign market
E. For ready cash in the foreign market

Question 94:

• WAEC 1996

Which of the following are functions of marketing?

A. Buying, fnancing, selling and transporting
B. Sorting, grading, managing and storage
C. Risk-bearing, storage, production and promotion
D. Organizing, risk-bearing, transporting and storage
E. Production, promotion, distribution and pricing

Question 95:

• WAEC 1996

(a) Give two examples of small-scale retail outlets and three examples of large- scale retail outlets
(b) Explain five reasons for the survival of small-scale retailers.