Waec Commerce Past Questions and Answers

Question 276:

• WAEC 1991

The main aim of the ECOWAS is the?

A. Elimination of aparthied
B. Formation of West African High Command
C. Formation of Government of West African States
D. Promotion of economic and cultural interaction
E. Promotion of ethnic and rural integration among members states

Question 277:

• WAEC 1991

The consumer is always right. This describes the doctrine of?

A. Social responsibility
B. Consumer movement
C. Consumer sovereignty
D. Consumer protection
E. Caveat venditor

Question 278:

• WAEC 1991

equity interest in a company is represented by?

A. Preference shares
B. Retained earnings
C. Debentures
D. Bonds
E. Ordinary shares

Question 279:

• WAEC 1991

An organization chart shows the?

A. Relative position of employeesin a firm
B. Customers position in a firm
C. Order in which tasks should be tackled
D. Specification of various jobs in a firm
E. The profit position of the firm

Question 280:

• WAEC 1991

A bill of exchange to which document of title are attached is known as?

A. Documentary credit
B. Certified bill
C. Documentary bill
D. Irrevocable bill
E. Bill of lading