Waec Commerce 1999 Past Questions and Answers

Question 56:

• WAEC 1999

(a)Explain five reasons why communication is important in commerce.
(b) Explain five functions of Advertising.

Question 57:

• WAEC 1999

WAZOBIA Enterprise's financial position as at 31st December, 1996 is as follows:

	N
fixtures	1,000.00
stock 31st december	8,000.00
Debtors	5,000.00
Creditors	3,000.00
Cash in hand	7,000.00
Bank overdraft	1,200.00
Typewriter	4,500.00
furniture	2,500.00
capital	8,000.00

Calculate:
(a) Capital owned
(b) Working capital
(c) Current liabilities
(d) Fixed capital
(e) Capital employed.

Question 58:

• WAEC 1999

Outline two functions of each of the following.
(a) Trade Association
(b) Consumer Association
(c) Customs Authority
(d) Manufacturer's Association
(e) Chamber of Commerce.