Waec Commerce 2009 Past Questions and Answers

Question 56:

• WAEC 2009

(a) Explain five functions of the Customs Authority
(b) State five advantages of international trade

Question 57:

• WAEC 2009

Explain the following terms as used on the stock exchange market:
(a) Backwardation
(b) Bear
(c) Jobber
(d) Jobber's turn
(e) Brokerage

Question 58:

• WAEC 2009

(a) Explain the following terms:
(i) goodwill
(ii) patents
(iii) trade mark
(iv) copyright
(b) State four factors that could lead to the dissolution of a limited liability company

Question 59:

• WAEC 2009

(a) Distinguish between nationalization and indigenization
(b) State five advantages of nationalization and three disadvantages of indigenization