Waec Commerce 2012 Past Questions and Answers

Question 51:

• WAEC 2012

The document in which full details of goods and the ship carrying the goods are contained is known as

A. Bill of exchange
B. Bill of sight
C. Certificate of origin
D. Shipping advice note

Question 52:

• WAEC 2012

The exclusive right of an author over his book is

A. Trade mark
B. Brand name
C. Copyright
D. Patent right

Question 53:

• WAEC 2012

(a) The chart above gives the main divisions of Commerce, complete the chart by filling in the blank spaces labeled (i) to (viii).
(b) Explain the following, give one example of each:
(i) Primary production (ii) Secondary production (iii) Tertiary production.

Question 54:

• WAEC 2012

(a) Explain the following:
(i) limited liability (ii) separate legal entity (iii) ceritficate of incorporation (iv) participating preference shares (v) ordinary shares.
(b) State five advantages of public corporation.

Question 55:

• WAEC 2012

(a) What is channel of distribution?
(b) With the aid of diagrams, show four examples of channel of distribution.
(c) Explain five advantages of home trade over foreign trade.